Nebius Group N.V. (NASDAQ:NBIS – Get Free Report) shares traded up 11.9% on Monday . The company traded as high as $262.89 and last traded at $260.07. 16,576,165 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 16,099,062 shares. The stock had previously closed at $232.36.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. BNP Paribas Exane assumed coverage on shares of Nebius Group in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 price objective on the stock. Cantor Fitzgerald assumed coverage on shares of Nebius Group in a report on Thursday, April 9th. They issued an “overweight” rating and a $129.00 price objective on the stock. Bank of America upped their price objective on shares of Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Freedom Capital cut shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, DA Davidson cut shares of Nebius Group from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $200.00 to $250.00 in a report on Monday, May 18th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $203.25.
View Our Latest Stock Report on NBIS
Nebius Group Trading Up 11.9%
Nebius Group (NASDAQ:NBIS – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.77) by $0.54. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The firm had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $375.13 million. The business’s revenue was up 684.0% on a year-over-year basis. On average, sell-side analysts forecast that Nebius Group N.V. will post -1.91 EPS for the current year.
Insider Activity
In other news, Director Elena Bunina sold 10,894 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $206.87, for a total transaction of $2,253,641.78. Following the sale, the director owned 10,772 shares in the company, valued at $2,228,403.64. This represents a 50.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Sanchez Maria Del Dado Alonso sold 1,509 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $276.20, for a total transaction of $416,785.80. Following the sale, the chief financial officer owned 12,672 shares in the company, valued at approximately $3,500,006.40. The trade was a 10.64% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 694,898 shares of company stock valued at $130,681,379.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Nebius Group by 34,371.3% during 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 during the period. Sumitomo Mitsui Trust Group Inc. bought a new stake in Nebius Group during the fourth quarter valued at about $24,756,000. Nordea Investment Management AB bought a new stake in Nebius Group during the fourth quarter valued at about $1,401,000. Geode Capital Management LLC grew its holdings in Nebius Group by 1,095.7% during the fourth quarter. Geode Capital Management LLC now owns 2,046,799 shares of the company’s stock valued at $169,840,000 after purchasing an additional 1,875,612 shares during the period. Finally, State of New Jersey Common Pension Fund D bought a new stake in Nebius Group during the fourth quarter valued at about $8,111,000. 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.
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