Nebius Group (NASDAQ:NBIS) Shares Up 10.9% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS) shot up 10.9% during mid-day trading on Wednesday . The company traded as high as $218.49 and last traded at $216.48. Approximately 17,779,461 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 16,434,689 shares. The stock had previously closed at $195.19.

Analysts Set New Price Targets

NBIS has been the topic of a number of analyst reports. Wall Street Zen raised shares of Nebius Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Bank of America lifted their target price on shares of Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. BWS Financial boosted their target price on shares of Nebius Group from $130.00 to $200.00 and gave the company a “buy” rating in a report on Monday, March 16th. Wolfe Research initiated coverage on shares of Nebius Group in a research report on Thursday, April 16th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley increased their price target on Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Nebius Group has a consensus rating of “Moderate Buy” and a consensus price target of $203.25.

Nebius Group Trading Down 0.1%

The firm has a fifty day simple moving average of $224.81 and a 200-day simple moving average of $148.92. The firm has a market cap of $54.70 billion, a P/E ratio of 69.74 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 announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.58. The firm had revenue of $399.00 million during the quarter, compared to analysts’ expectations of $375.13 million. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The company’s revenue for the quarter was up 684.0% compared to the same quarter last year. On average, equities research analysts expect that Nebius Group N.V. will post -1.91 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Andrey Korolenko sold 500,000 shares of Nebius Group stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $203.24, for a total value of $101,620,000.00. Following the completion of the sale, the insider owned 585,209 shares of the company’s stock, valued at approximately $118,937,877.16. This trade represents a 46.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Danila Shtan sold 16,937 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $3,987,816.65. Following the sale, the chief technology officer owned 274,763 shares of the company’s stock, valued at $64,692,948.35. This trade represents a 5.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 685,822 shares of company stock worth $143,150,295 over the last quarter.

Hedge Funds Weigh In On Nebius Group

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada acquired a new position in Nebius Group during the 1st quarter valued at about $1,628,000. Millennium Management LLC purchased a new stake in shares of Nebius Group in the first quarter worth approximately $11,563,000. NewEdge Advisors LLC purchased a new stake in shares of Nebius Group in the first quarter worth approximately $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Nebius Group in the first quarter valued at approximately $9,084,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Nebius Group in the second quarter valued at approximately $68,000. Institutional investors own 21.90% of the company’s stock.

Nebius Group Company Profile

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.