Nebius Group (NASDAQ:NBIS) Cut to “Neutral” at DA Davidson

Nebius Group (NASDAQ:NBIS) was downgraded by equities researchers at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday.

NBIS has been the subject of a number of other reports. Freedom Capital lowered Nebius Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wolfe Research assumed coverage on Nebius Group in a research note on Thursday, April 16th. They set a “peer perform” rating on the stock. Bank of America increased their price objective on Nebius Group from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Compass Point assumed coverage on Nebius Group in a report on Wednesday, February 18th. They set a “buy” rating and a $150.00 target price for the company. Finally, Weiss Ratings raised shares of Nebius Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Nebius Group presently has an average rating of “Moderate Buy” and a consensus price target of $182.75.

Nebius Group Price Performance

NBIS opened at $219.94 on Monday. The firm has a 50-day moving average price of $138.08 and a 200-day moving average price of $110.98. Nebius Group has a twelve month low of $34.72 and a twelve month high of $233.73. 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 $55.65 billion, a price-to-earnings ratio of 70.95 and a beta of 4.03.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.77) by $0.54. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The company had revenue of $399.00 million during the quarter, compared to the consensus estimate of $375.13 million. The firm’s revenue for the quarter was up 684.0% on a year-over-year basis. Equities analysts expect that Nebius Group will post -2.33 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Arkadiy Volozh sold 33,358 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $103.73, for a total transaction of $3,460,225.34. Following the completion of the transaction, the chief executive officer directly owned 868,289 shares in the company, valued at $90,067,617.97. The trade was a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elena Bunina sold 10,894 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $206.87, for a total value of $2,253,641.78. Following the completion of the transaction, the director owned 10,772 shares in the company, valued at $2,228,403.64. This represents a 50.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 657,335 shares of company stock worth $121,545,984 over the last three months.

Institutional Investors Weigh In On Nebius Group

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