DA Davidson Cuts Nebius Group (NASDAQ:NBIS) Price Target to $175.00

Nebius Group (NASDAQ:NBIS) had its target price lowered by DA Davidson from $250.00 to $175.00 in a research report report published on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

NBIS has been the topic of several other research reports. Freedom Capital upgraded Nebius Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Cantor Fitzgerald began coverage on shares of Nebius Group in a research report on Thursday, April 9th. They issued an “overweight” rating and a $129.00 target price on the stock. BNP Paribas Exane assumed coverage on shares of Nebius Group in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 price target on the stock. Citizens Jmp lifted their target price on Nebius Group from $175.00 to $270.00 and gave the company a “market outperform” rating in a report on Thursday, May 14th. Finally, Citigroup dropped their target price on shares of Nebius Group from $287.00 to $278.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $216.29.

Nebius Group Price Performance

Shares of NASDAQ:NBIS opened at $187.97 on Friday. 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 company has a market capitalization of $47.56 billion, a P/E ratio of 60.64 and a beta of 4.23. Nebius Group has a 52-week low of $62.01 and a 52-week high of $299.86. The stock’s fifty day simple moving average is $224.43 and its 200-day simple moving average is $163.82.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.58. The company had revenue of $399.00 million for the quarter, compared to analyst estimates of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The firm’s revenue for the quarter was up 684.0% on a year-over-year basis. As a group, equities research analysts forecast that Nebius Group will post -1.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Nebius Group

In related 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 value of $3,987,816.65. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Arkadiy Volozh sold 46,627 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the completion of the sale, the chief executive officer owned 821,662 shares in the company, valued at $193,460,317.90. The trade was a 5.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 651,704 shares of company stock valued at $137,422,230.

Institutional Trading of Nebius Group

Institutional investors have recently modified their holdings of the company. Wealthfront Advisers LLC acquired a new position in Nebius Group during the second quarter worth about $245,000. AlpInvest Partners B.V. bought a new position in shares of Nebius Group during the 2nd quarter valued at about $255,000. Carlyle Group Inc. acquired a new position in shares of Nebius Group in the 2nd quarter worth approximately $510,000. Tortoise Investment Management LLC acquired a new position in shares of Nebius Group in the 2nd quarter worth approximately $529,000. Finally, Banco BTG Pactual S.A. bought a new stake in shares of Nebius Group in the 2nd quarter worth approximately $779,000. Institutional investors and hedge funds 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.