Nebius Group (NASDAQ:NBIS) Trading 14.5% Higher – Here’s Why

Shares of Nebius Group N.V. (NASDAQ:NBIS) rose 14.5% during mid-day trading on Monday . The stock traded as high as $274.80 and last traded at $264.51. Approximately 23,999,083 shares were traded during mid-day trading, an increase of 49% from the average daily volume of 16,115,675 shares. The stock had previously closed at $231.09.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wall Street Zen upgraded Nebius Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. BNP Paribas Exane initiated coverage on Nebius Group in a research note on Tuesday. They set a “neutral” rating and a $255.00 price target for the company. Citizens Jmp increased 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. Wolfe Research initiated coverage on shares of Nebius Group in a research report on Thursday, April 16th. They issued a “peer perform” rating on the stock. Finally, Weiss Ratings raised shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.31.

Nebius Group Stock Down 1.5%

The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average price of $161.71 and a 200-day moving average price of $118.68. The firm has a market cap of $65.93 billion, a price-to-earnings ratio of 84.06 and a beta of 4.03.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.54. The business had revenue of $399.00 million during the quarter, compared to analysts’ expectations 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. On average, equities analysts forecast that Nebius Group N.V. will post -2.32 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Danila Shtan sold 13,489 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $98.78, for a total transaction of $1,332,443.42. Following the transaction, the chief technology officer directly owned 307,378 shares in the company, valued at $30,362,798.84. This represents a 4.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrey Korolenko sold 500,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $203.24, for a total transaction of $101,620,000.00. Following the transaction, the insider directly owned 585,209 shares in the company, valued at approximately $118,937,877.16. This represents a 46.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 666,935 shares of company stock valued at $123,541,848.

Institutional Trading of Nebius Group

Large investors have recently modified their holdings of the business. Parkside Financial Bank & Trust acquired a new position in Nebius Group in the fourth quarter worth $25,000. Root Financial Partners LLC acquired a new stake in Nebius Group in the 4th quarter valued at approximately $26,000. SHP Wealth Management bought a new stake in shares of Nebius Group during the fourth quarter valued at about $26,000. Sound Income Strategies LLC raised its position in shares of Nebius Group by 62.5% during the 1st quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Nebius Group by 73.8% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 141 shares in the last quarter. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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.