Nebius Group (NASDAQ:NBIS) Shares Up 11.9% – Here’s Why

by · The Cerbat Gem

Nebius Group N.V. (NASDAQ:NBIS – Get Free Report)’s stock price shot up 11.9% on Monday . The company traded as high as $262.89 and last traded at $260.07. 16,576,165 shares were traded 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.

Nebius Group News Summary

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

Analysts Set New Price Targets

Several brokerages have weighed in on NBIS. Cantor Fitzgerald began coverage on Nebius Group in a research report on Thursday, April 9th. They issued an “overweight” rating and a $129.00 price objective for the company. Freedom Capital downgraded Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. BWS Financial boosted their price objective on Nebius Group from $130.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Wolfe Research started coverage on Nebius Group in a research report on Thursday, April 16th. They issued a “peer perform” rating for the company. Finally, Compass Point started coverage on Nebius Group in a research note on Wednesday, February 18th. They set a “buy” rating and a $150.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Nebius Group has a consensus rating of “Moderate Buy” and an average price target of $203.25.

View Our Latest Research Report on Nebius Group

Nebius Group Stock Performance

The company has a market capitalization of $71.08 billion, a PE ratio of 90.62 and a beta of 4.03. The company has a 50 day moving average of $193.98 and a two-hundred day moving average of $131.60. 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:NBIS – Get Free Report) last issued its quarterly earnings results 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. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The company had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $375.13 million. The firm’s revenue was up 684.0% on a year-over-year basis. As a group, equities research analysts predict that Nebius Group N.V. will post -1.91 earnings per share for the current year.

Insider Activity

In other Nebius Group news, CEO Arkadiy Volozh sold 33,358 shares of the stock in a transaction dated Wednesday, April 1st. The stock was 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 approximately $90,067,617.97. This represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Marc Boroditsky sold 10,776 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $276.20, for a total value of $2,976,331.20. Following the completion of the transaction, the executive directly owned 26,886 shares in the company, valued at approximately $7,425,913.20. This represents a 28.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 700,710 shares of company stock valued at $132,153,501.

Institutional Trading of Nebius Group

Several institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC boosted its stake in Nebius Group by 62.5% during the first quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Caldwell Trust Co bought a new stake in shares of Nebius Group during the 1st quarter worth approximately $31,000. Parkside Financial Bank & Trust bought a new stake in shares of Nebius Group during the 4th quarter worth approximately $25,000. SHP Wealth Management bought a new stake in shares of Nebius Group during the 4th quarter worth approximately $26,000. Finally, Root Financial Partners LLC purchased a new position in Nebius Group during the 4th quarter worth $26,000. 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.

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