Nebius Group (NASDAQ:NBIS) Lowered to Hold Rating by Freedom Capital

Freedom Capital downgraded shares of Nebius Group (NASDAQ:NBIS) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Morgan Stanley assumed coverage on Nebius Group in a research report on Thursday, January 15th. They set an “equal weight” rating and a $126.00 price target on the stock. Wall Street Zen lowered Nebius Group from a “sell” rating to a “strong sell” rating in a research report on Saturday. Bank of America assumed coverage on Nebius Group in a research report on Tuesday, March 24th. They set a “buy” rating and a $150.00 price target on the stock. Citigroup assumed coverage on Nebius Group in a research report on Monday, March 16th. They set a “buy” rating and a $169.00 price target on the stock. Finally, BWS Financial lifted their price target on Nebius Group from $130.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Nebius Group presently has a consensus rating of “Moderate Buy” and an average price target of $154.75.

Nebius Group Trading Up 6.6%

NASDAQ NBIS opened at $154.56 on Monday. The company has a quick ratio of 6.57, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. Nebius Group has a twelve month low of $20.25 and a twelve month high of $159.50. The firm has a market capitalization of $38.92 billion, a PE ratio of -105.86 and a beta of 4.20. The stock’s 50 day moving average is $104.95 and its 200 day moving average is $103.09.

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

Insider Buying and Selling at Nebius Group

In other Nebius Group news, CTO Danila Shtan sold 13,489 shares of Nebius Group stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $98.78, for a total transaction of $1,332,443.42. Following the completion of the transaction, the chief technology officer owned 307,378 shares in the company, valued at approximately $30,362,798.84. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Arkadiy Volozh sold 33,358 shares of Nebius Group stock in a transaction 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 owned 868,289 shares of the company’s stock, valued at $90,067,617.97. The trade was a 3.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 105,180 shares of company stock worth $10,944,256.

Institutional Trading of Nebius Group

A number of institutional investors and hedge funds have recently bought and sold shares of NBIS. Parkside Financial Bank & Trust bought a new stake in Nebius Group during the 4th quarter valued at about $25,000. Root Financial Partners LLC bought a new stake in shares of Nebius Group in the 4th quarter worth $26,000. SHP Wealth Management bought a new stake in shares of Nebius Group in the 4th quarter worth $26,000. Blue Trust Inc. increased its holdings in shares of Nebius Group by 73.8% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 141 shares in the last quarter. Finally, Armstrong Advisory Group Inc. increased its holdings in shares of Nebius Group by 500.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. 21.90% of the stock is currently owned by 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.