Nebius Group (NASDAQ:NBIS) Stock Price Up 1.6% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS) shares were up 1.6% during mid-day trading on Friday . The company traded as high as $224.48 and last traded at $219.65. 10,892,088 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 16,377,301 shares. The stock had previously closed at $216.20.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wolfe Research initiated coverage on shares of Nebius Group in a research note on Thursday, April 16th. They set a “peer perform” rating for the company. Weiss Ratings upgraded shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. DA Davidson downgraded shares of Nebius Group from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $200.00 to $250.00 in a research report on Monday, May 18th. BNP Paribas Exane started coverage on shares of Nebius Group in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 target price on the stock. Finally, Citizens Jmp raised their price target on shares of Nebius Group from $175.00 to $270.00 and gave the company a “market outperform” rating in a research report on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Nebius Group presently has an average rating of “Moderate Buy” and an average target price of $203.25.

Nebius Group Price Performance

The company has a fifty day moving average of $226.38 and a 200-day moving average of $149.41. The firm has a market cap of $55.58 billion, a P/E ratio of 70.86 and a beta of 4.10. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.58. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The business had revenue of $399.00 million during the quarter, compared to analyst estimates of $375.13 million. Nebius Group’s revenue was up 684.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Nebius Group N.V. will post -1.91 EPS for the current fiscal year.

Insider Transactions at Nebius Group

In related news, insider Andrey Korolenko sold 33,871 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $7,974,926.95. Following the transaction, the insider directly owned 551,338 shares in the company, valued at approximately $129,812,532.10. The trade was a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Wilson Iv Boynton sold 5,812 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $253.29, for a total transaction of $1,472,121.48. Following the completion of the sale, the director directly owned 378,665 shares of the company’s stock, valued at $95,912,057.85. The trade was a 1.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 685,822 shares of company stock worth $143,150,295.

Hedge Funds Weigh In On Nebius Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allied Private Wealth LLC purchased a new stake in shares of Nebius Group during the second quarter valued at approximately $25,000. Parkside Financial Bank & Trust purchased a new position in Nebius Group in the fourth quarter worth $25,000. Root Financial Partners LLC purchased a new position in Nebius Group in the fourth quarter worth $26,000. SHP Wealth Management bought a new position in Nebius Group in the 4th quarter valued at $26,000. Finally, Sound Income Strategies LLC grew its stake in Nebius Group by 62.5% in the 1st quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 21.90% of the company’s stock.

About Nebius Group

Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company’s services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.