Nebius Group (NASDAQ:NBIS) Shares Up 5.8% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price shot up 5.8% during trading on Tuesday . The company traded as high as $290.60 and last traded at $276.17. 12,770,891 shares changed hands during trading, a decline of 21% from the average session volume of 16,247,527 shares. The stock had previously closed at $261.15.

Analyst Ratings Changes

NBIS has been the subject of a number of recent research reports. Wolfe Research began coverage on Nebius Group in a report on Thursday, April 16th. They issued a “peer perform” rating for the company. DA Davidson downgraded Nebius Group from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $200.00 to $250.00 in a report on Monday, May 18th. Morgan Stanley upped their price target on Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, May 14th. BNP Paribas Exane began coverage on Nebius Group in a research note on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 price target for the company. Finally, BWS Financial raised their price objective on Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $203.25.

Nebius Group Stock Up 5.8%

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 firm has a market cap of $69.88 billion, a P/E ratio of 89.09 and a beta of 4.03. The stock’s 50-day simple moving average is $213.54 and its 200 day simple moving average is $141.19.

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

Insider Buying and Selling at Nebius Group

In other Nebius Group news, CRO Marc Boroditsky sold 10,776 shares of Nebius Group stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total value of $2,976,331.20. Following the completion of the sale, the executive directly owned 26,886 shares in the company, valued at approximately $7,425,913.20. The trade was a 28.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Wilson Iv Boynton sold 5,812 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $253.29, for a total value of $1,472,121.48. Following the completion of the transaction, the director directly owned 378,665 shares in the company, valued at approximately $95,912,057.85. This trade represents a 1.51% 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 have sold a total of 660,245 shares of company stock valued at $128,156,368 over the last ninety days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NBIS. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Nebius Group by 34,371.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,762 shares of the company’s stock valued at $7,848,000 after purchasing an additional 93,490 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Nebius Group during the 4th quarter worth about $24,756,000. Nordea Investment Management AB bought a new position in shares of Nebius Group during the 4th quarter worth about $1,401,000. Geode Capital Management LLC grew its stake in shares of Nebius Group by 1,095.7% in the 4th quarter. Geode Capital Management LLC now owns 2,046,799 shares of the company’s stock valued at $169,840,000 after buying an additional 1,875,612 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Nebius Group in the 4th quarter valued at about $8,111,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

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.