Nebius Group N.V. (NASDAQ:NBIS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Nebius Group N.V. (NASDAQ:NBISGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $203.25.

A number of brokerages have recently weighed in on NBIS. Citizens Jmp boosted their price objective on shares of Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 14th. Bank of America boosted their price objective on shares of Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. DA Davidson cut shares of Nebius Group from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $200.00 to $250.00 in a research note on Monday, May 18th. BWS Financial upped their target price on shares of Nebius Group from $130.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Finally, Weiss Ratings upgraded shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th.

Check Out Our Latest Analysis on Nebius Group

Insider Activity

In related news, insider Andrey Korolenko sold 500,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $203.24, for a total transaction of $101,620,000.00. Following the completion of the transaction, the insider directly owned 585,209 shares in the company, valued at $118,937,877.16. This represents a 46.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Danila Shtan sold 15,678 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $238.96, for a total transaction of $3,746,414.88. Following the transaction, the chief technology officer owned 291,700 shares of the company’s stock, valued at approximately $69,704,632. The trade was a 5.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 700,710 shares of company stock worth $132,153,501.

Hedge Funds Weigh In On Nebius Group

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

Nebius Group Price Performance

Shares of Nebius Group stock opened at $283.61 on Tuesday. The firm has a fifty day simple moving average of $203.55 and a 200-day simple moving average of $135.58. The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16. Nebius Group has a 1-year low of $43.89 and a 1-year high of $299.86. The stock has a market capitalization of $71.76 billion, a price-to-earnings ratio of 91.49 and a beta of 4.03.

Nebius Group (NASDAQ:NBISGet Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, topping 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 business had revenue of $399.00 million during the quarter, compared to analysts’ expectations of $375.13 million. Nebius Group’s revenue was up 684.0% compared to the same quarter last year. On average, sell-side analysts expect that Nebius Group will post -1.91 earnings per share for the current year.

About Nebius Group

(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.

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Analyst Recommendations for Nebius Group (NASDAQ:NBIS)

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