Nebius Group (NASDAQ:NBIS) Stock Price Up 3.5% – Here’s Why

Nebius Group N.V. (NASDAQ:NBISGet Free Report)’s stock price was up 3.5% during trading on Friday . The company traded as high as $186.77 and last traded at $177.71. Approximately 24,311,448 shares were traded during trading, an increase of 47% from the average session volume of 16,517,961 shares. The stock had previously closed at $171.77.

Trending Headlines about Nebius Group

Here are the key news stories impacting Nebius Group this week:

Analyst Ratings Changes

A number of brokerages have issued reports on NBIS. Morgan Stanley raised their price target on shares of Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. Freedom Capital lowered shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Cantor Fitzgerald started coverage on Nebius Group in a research note on Thursday, April 9th. They issued an “overweight” rating and a $129.00 target price on the stock. Weiss Ratings raised Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen upgraded Nebius Group from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Nebius Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.25.

Read Our Latest Report on Nebius Group

Nebius Group Price Performance

The company has a market cap of $44.96 billion, a PE ratio of 57.33 and a beta of 4.10. The business has a 50 day moving average of $228.02 and a 200 day moving average of $152.74. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33.

Nebius Group (NASDAQ:NBISGet Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.58. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business had revenue of $399.00 million for the quarter, compared to the consensus estimate of $375.13 million. The firm’s revenue was up 684.0% on a year-over-year basis. As a group, research analysts predict that Nebius Group N.V. will post -1.91 EPS for the current year.

Insider Activity

In related news, CEO Arkadiy Volozh sold 46,627 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total value of $10,978,327.15. Following the completion of the transaction, the chief executive officer directly owned 821,662 shares of the company’s stock, valued at $193,460,317.90. This represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Danila Shtan sold 16,937 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $3,987,816.65. Following the completion of the sale, the chief technology officer owned 274,763 shares of the company’s stock, valued at $64,692,948.35. This trade represents a 5.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 668,405 shares of company stock worth $140,422,170.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NBIS. Fulcrum Equity Management raised its position in shares of Nebius Group by 42.5% in the 2nd quarter. Fulcrum Equity Management now owns 3,887 shares of the company’s stock worth $1,073,000 after acquiring an additional 1,160 shares in the last quarter. Fulton Bank N.A. bought a new stake in shares of Nebius Group during the second quarter valued at approximately $416,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Nebius Group during the second quarter valued at approximately $249,000. World Equity Group Inc. purchased a new stake in Nebius Group in the second quarter worth $555,000. Finally, Focus Financial Network Inc. purchased a new stake in Nebius Group in the second quarter worth $600,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Nebius Group Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Nebius Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nebius Group and related companies with MarketBeat.com's FREE daily email newsletter.