Nebius Group (NASDAQ:NBIS) Earns “Buy” Rating from BWS Financial

Nebius Group (NASDAQ:NBIS)‘s stock had its “buy” rating restated by research analysts at BWS Financial in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $130.00 price target on the stock. BWS Financial’s price target points to a potential upside of 48.50% from the stock’s previous close.

A number of other analysts have also commented on the stock. Northland Securities upped their price objective on shares of Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Nebius Group in a research note on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and set a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. Seaport Res Ptn raised Nebius Group to a “hold” rating in a research note on Monday, September 15th. Finally, Wall Street Zen upgraded Nebius Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Nebius Group currently has an average rating of “Buy” and an average target price of $139.67.

Nebius Group Trading Down 7.2%

Shares of NBIS traded down $6.82 during trading hours on Thursday, hitting $87.55. 32,640,871 shares of the company were exchanged, compared to its average volume of 14,644,873. The firm has a fifty day simple moving average of $109.14 and a 200-day simple moving average of $70.26. 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 has a one year low of $17.39 and a one year high of $141.10.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NBIS. Oppenheimer Asset Management Inc. raised its stake in shares of Nebius Group by 186.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock valued at $1,652,000 after acquiring an additional 19,424 shares in the last quarter. Scientech Research LLC bought a new stake in Nebius Group during the first quarter worth approximately $869,000. MGO One Seven LLC acquired a new position in Nebius Group during the second quarter valued at approximately $255,000. Hardy Reed LLC bought a new position in shares of Nebius Group in the second quarter valued at approximately $365,000. Finally, Jump Financial LLC acquired a new stake in shares of Nebius Group in the first quarter worth $10,362,000. Institutional investors and hedge funds 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.