Nebius Group (NASDAQ:NBIS) Shares Up 10.5% – Time to Buy?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price shot up 10.5% on Friday . The stock traded as high as $117.45 and last traded at $117.26. 17,197,724 shares were traded during mid-day trading, an increase of 21% from the average session volume of 14,240,501 shares. The stock had previously closed at $106.16.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NBIS. Seaport Res Ptn upgraded shares of Nebius Group to a “hold” rating in a report on Monday, September 15th. DA Davidson reiterated a “buy” rating and issued a $75.00 target price on shares of Nebius Group in a report on Tuesday, September 9th. BWS Financial upped their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. The Goldman Sachs Group restated a “buy” rating and issued a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nebius Group in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Nebius Group presently has a consensus rating of “Buy” and a consensus target price of $91.20.

Nebius Group Stock Performance

The firm’s 50 day moving average is $96.95 and its two-hundred day moving average is $61.50. The stock has a market capitalization of $27.64 billion, a PE ratio of -205.72 and a beta of 3.45. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70.

Nebius Group (NASDAQ:NBIS) last announced its earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The firm had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. As a group, research analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Institutional Investors Weigh In On Nebius Group

Several large investors have recently added to or reduced their stakes in NBIS. Cambridge Investment Research Advisors Inc. purchased a new stake in Nebius Group during the 1st quarter worth approximately $208,000. Oppenheimer Asset Management Inc. purchased a new stake in Nebius Group during the 1st quarter worth approximately $220,000. Creative Financial Designs Inc. ADV purchased a new stake in Nebius Group during the 1st quarter worth approximately $57,000. Perpetual Ltd purchased a new stake in shares of Nebius Group in the 1st quarter valued at approximately $362,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Nebius Group in the 1st quarter valued at approximately $1,247,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

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.