Nebius Group (NASDAQ:NBIS) Shares Gap Up on Analyst Upgrade

Nebius Group N.V. (NASDAQ:NBIS) shares gapped up prior to trading on Monday after Northland Securities raised their price target on the stock from $248.00 to $410.00. The stock had previously closed at $177.71, but opened at $186.97. Northland Securities currently has an outperform rating on the stock. Nebius Group shares last traded at $186.8930, with a volume of 3,363,405 shares.

Several other equities research analysts have also recently commented on NBIS. Bank of America increased their price target on Nebius Group from $240.00 to $280.00 and gave the company a “buy” rating in a report on Monday, June 8th. BNP Paribas Exane assumed coverage on Nebius Group in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 target price for the company. Wall Street Zen raised Nebius Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Citizens Jmp lifted their price target on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a report on Thursday, May 14th. Finally, Freedom Capital cut shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $219.83.

Insider Transactions at Nebius Group

In other Nebius Group news, CTO Danila Shtan sold 16,937 shares of Nebius Group stock in a transaction dated 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 completion of the sale, the chief technology officer directly owned 274,763 shares in the company, valued at $64,692,948.35. This trade represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrey Korolenko sold 33,871 shares of Nebius Group 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 sale, the insider owned 551,338 shares of the company’s stock, valued at approximately $129,812,532.10. This represents a 5.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 668,405 shares of company stock worth $140,422,170 in the last 90 days.

Institutional Trading of Nebius Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Confluence Investment Management LLC increased its position in shares of Nebius Group by 2.0% during the second quarter. Confluence Investment Management LLC now owns 2,475 shares of the company’s stock worth $684,000 after purchasing an additional 48 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Nebius Group by 2.7% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,977 shares of the company’s stock worth $309,000 after buying an additional 79 shares during the period. Wealth Alliance LLC lifted its stake in Nebius Group by 1.6% in the first quarter. Wealth Alliance LLC now owns 5,008 shares of the company’s stock valued at $520,000 after buying an additional 80 shares during the last quarter. Aspen Grove Capital LLC lifted its stake in Nebius Group by 3.7% in the first quarter. Aspen Grove Capital LLC now owns 2,522 shares of the company’s stock valued at $262,000 after buying an additional 89 shares during the last quarter. Finally, Allied Private Wealth LLC acquired a new stake in shares of Nebius Group in the second quarter valued at approximately $25,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Nebius Group Price Performance

The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $45.91 billion, a price-to-earnings ratio of 58.48 and a beta of 4.10. The company has a fifty day moving average price of $228.03 and a two-hundred day moving average price of $153.38.

Nebius Group (NASDAQ:NBIS) last announced its 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 net margin of 95.27% and a negative return on equity of 9.11%. The business had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $375.13 million. The firm’s revenue 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 EPS for the current fiscal year.

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.