Nebius Group (NASDAQ:NBIS) Price Target Raised to $280.00 at Bank of America

Nebius Group (NASDAQ:NBIS) had its price objective boosted by stock analysts at Bank of America from $240.00 to $280.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price points to a potential upside of 25.73% from the company’s previous close.

NBIS has been the topic of several other reports. BWS Financial boosted their target price on shares of Nebius Group from $130.00 to $200.00 and gave the company a “buy” rating in a report on Monday, March 16th. Wall Street Zen upgraded shares of Nebius Group from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Cantor Fitzgerald initiated coverage on shares of Nebius Group in a report on Thursday, April 9th. They issued an “overweight” rating and a $129.00 target price on the stock. Morgan Stanley boosted their target price on shares of Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a report on Thursday, May 14th. Finally, BNP Paribas Exane began coverage on shares of Nebius Group in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.25.

Nebius Group Trading Down 2.2%

NASDAQ:NBIS traded down $5.11 on Monday, hitting $222.70. The stock had a trading volume of 8,888,847 shares, compared to its average volume of 15,997,729. 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 stock has a market cap of $56.35 billion, a price-to-earnings ratio of 71.97 and a beta of 4.03. The company has a fifty day moving average price of $172.47 and a two-hundred day moving average price of $123.24. Nebius Group has a 1-year low of $43.89 and a 1-year high of $278.84.

Nebius Group (NASDAQ:NBIS) last posted its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.77) by $0.54. The company had revenue of $399.00 million for the quarter, compared to analyst estimates of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The firm’s revenue was up 684.0% compared to the same quarter last year. Equities research analysts expect that Nebius Group will post -1.91 earnings per share for the current fiscal year.

Insider Transactions at Nebius Group

In other news, CEO Arkadiy Volozh sold 33,358 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $103.73, for a total value of $3,460,225.34. Following the transaction, the chief executive officer directly owned 868,289 shares in the company, valued at approximately $90,067,617.97. This represents a 3.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Danila Shtan sold 15,678 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $238.96, for a total transaction of $3,746,414.88. Following the completion of the transaction, the chief technology officer owned 291,700 shares in the company, valued at approximately $69,704,632. This represents a 5.10% 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. In the last 90 days, insiders sold 694,898 shares of company stock worth $130,681,379.

Institutional Investors Weigh In On Nebius Group

Several large investors have recently added to or reduced their stakes in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Nebius Group by 2.7% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,977 shares of the company’s stock worth $309,000 after buying an additional 79 shares during the period. Wealth Alliance LLC increased its stake in Nebius Group by 1.6% during the 1st quarter. Wealth Alliance LLC now owns 5,008 shares of the company’s stock worth $520,000 after buying an additional 80 shares during the period. Aspen Grove Capital LLC increased its stake in Nebius Group by 3.7% during the 1st quarter. Aspen Grove Capital LLC now owns 2,522 shares of the company’s stock worth $262,000 after buying an additional 89 shares during the period. WPG Advisers LLC increased its stake in Nebius Group by 3.6% during the 1st quarter. WPG Advisers LLC now owns 2,799 shares of the company’s stock worth $290,000 after buying an additional 98 shares during the period. Finally, Harbor Advisors LLC increased its stake in Nebius Group by 0.4% during the 3rd quarter. Harbor Advisors LLC now owns 27,600 shares of the company’s stock worth $3,099,000 after buying an additional 100 shares during the period. 21.90% of the stock is owned by hedge funds and other institutional investors.

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.