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

Nebius Group (NASDAQ:NBIS) had its price objective decreased by DA Davidson from $250.00 to $175.00 in a research note issued to investors on Friday,Benzinga reports. DA Davidson currently has a neutral rating on the stock.

Several other research analysts have also weighed in on the company. Freedom Capital raised Nebius Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Citigroup cut their price objective on Nebius Group from $287.00 to $278.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Wall Street Zen cut shares of Nebius Group from a “sell” rating to a “strong sell” rating in a research note on Saturday. Weiss Ratings upgraded shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Finally, Piper Sandler initiated coverage on shares of Nebius Group in a research report on Monday, August 3rd. They set a “neutral” rating and a $224.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $216.29.

Nebius Group Price Performance

Shares of NBIS stock opened at $187.97 on Friday. The firm’s fifty day moving average price is $224.43 and its two-hundred day moving average price is $163.82. The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16. Nebius Group has a 1 year low of $62.01 and a 1 year high of $299.86. The firm has a market capitalization of $47.56 billion, a P/E ratio of 60.64 and a beta of 4.23.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.81) by $0.58. The company had revenue of $399.00 million during the quarter, compared to the consensus estimate of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. Nebius Group’s quarterly revenue was up 684.0% on a year-over-year basis. On average, equities analysts predict that Nebius Group will post -1.57 EPS for the current fiscal year.

Insider Transactions at Nebius Group

In other Nebius Group news, insider Andrey Korolenko sold 33,871 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total value of $7,974,926.95. Following the transaction, the insider directly owned 551,338 shares in the company, valued at $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 is available at this hyperlink. Also, CEO Arkadiy Volozh sold 46,627 shares of the company’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 $10,978,327.15. Following the completion of the transaction, the chief executive officer owned 821,662 shares in the company, valued at approximately $193,460,317.90. This represents a 5.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 651,704 shares of company stock valued at $137,422,230.

Institutional Trading of Nebius Group

A number of hedge funds have recently modified their holdings of NBIS. Royal Bank of Canada acquired a new position in Nebius Group in the 1st quarter valued at about $1,628,000. Millennium Management LLC bought a new position in shares of Nebius Group during the first quarter worth approximately $11,563,000. NewEdge Advisors LLC bought a new stake in Nebius Group in the 1st quarter valued at $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Nebius Group in the first quarter valued at about $9,084,000. Finally, Daiwa Securities Group Inc. bought a new stake in Nebius Group in the 2nd quarter valued at about $68,000. Institutional investors and hedge funds 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.