Nebius Group (NASDAQ:NBIS) Cut to Strong Sell at Wall Street Zen

Wall Street Zen cut shares of Nebius Group (NASDAQ:NBIS) from a sell rating to a strong sell rating in a research note published on Saturday morning.

Several other equities analysts have also recently issued reports on NBIS. Freedom Capital upgraded Nebius Group to a “strong-buy” rating in a research note on Tuesday, February 3rd. Compass Point started coverage on Nebius Group in a research note on Wednesday, February 18th. They issued a “buy” rating and a $150.00 price objective for the company. Weiss Ratings cut Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Morgan Stanley began coverage on Nebius Group in a research note on Thursday, January 15th. They set an “equal weight” rating and a $126.00 target price for the company. Finally, Bank of America began coverage on Nebius Group in a research note on Tuesday, March 24th. They set a “buy” rating and a $150.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $154.75.

Nebius Group Stock Performance

Shares of NBIS opened at $154.56 on Friday. The stock has a 50-day simple moving average of $104.95 and a 200-day simple moving average of $103.09. The company has a debt-to-equity ratio of 0.89, a quick ratio of 6.57 and a current ratio of 3.08. The stock has a market capitalization of $38.92 billion, a PE ratio of -105.86 and a beta of 4.20. Nebius Group has a 1 year low of $20.25 and a 1 year high of $159.50.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings data on Thursday, February 12th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.27). The company had revenue of $227.70 million during the quarter, compared to analysts’ expectations of $246.05 million. Nebius Group had a net margin of 19.02% and a negative return on equity of 11.70%. On average, analysts predict that Nebius Group will post -1.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Andrey Korolenko sold 31,357 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $111.20, for a total transaction of $3,486,898.40. Following the completion of the sale, the insider owned 585,209 shares in the company, valued at $65,075,240.80. The trade was a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Danila Shtan sold 13,489 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $98.78, for a total value of $1,332,443.42. Following the sale, the chief technology officer owned 307,378 shares of the company’s stock, valued at approximately $30,362,798.84. The trade was a 4.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 105,180 shares of company stock worth $10,944,256 over the last 90 days.

Institutional Investors Weigh In On Nebius Group

Several institutional investors have recently added to or reduced their stakes in the business. Creek Drive Management Group LLC purchased a new stake in Nebius Group in the fourth quarter valued at approximately $2,829,000. World Investment Advisors purchased a new stake in Nebius Group in the fourth quarter valued at approximately $816,000. Corient Private Wealth LLC lifted its stake in Nebius Group by 162.5% in the fourth quarter. Corient Private Wealth LLC now owns 7,082 shares of the company’s stock valued at $593,000 after buying an additional 4,384 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Nebius Group by 10.5% in the fourth quarter. Hsbc Holdings PLC now owns 104,657 shares of the company’s stock valued at $8,853,000 after buying an additional 9,969 shares during the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Nebius Group in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors 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.