Nebius Group (NASDAQ:NBIS) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Nebius Group (NASDAQ:NBIS – Free Report) from a sell rating to a hold rating in a report issued on Sunday morning.

Other research analysts have also recently issued reports about the company. BWS Financial lifted their price objective on Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Arete Research raised Nebius Group to a “strong-buy” rating in a research report on Thursday, June 5th. Arete started coverage on Nebius Group in a report on Thursday, June 5th. They issued a “buy” rating and a $84.00 price target on the stock. DA Davidson reissued a “buy” rating and issued a $75.00 price target on shares of Nebius Group in a report on Tuesday, September 9th. Finally, The Goldman Sachs Group started coverage on Nebius Group in a report on Monday, July 14th. They issued a “buy” rating and a $68.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Nebius Group has a consensus rating of “Buy” and a consensus price target of $80.80.

Check Out Our Latest Analysis on NBIS

Nebius Group Trading Down 1.7%

Nebius Group stock opened at $89.43 on Friday. Nebius Group has a 52-week low of $14.09 and a 52-week high of $100.51. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The company has a market cap of $21.08 billion, a P/E ratio of -156.89 and a beta of 3.55. The business has a 50-day simple moving average of $64.26 and a two-hundred day simple moving average of $44.15.

Nebius Group (NASDAQ:NBIS – Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.03. The company had revenue of $105.10 million for the quarter, compared to analysts’ expectations of $95.60 million. Analysts predict that Nebius Group will post -1.1 EPS for the current year.

Hedge Funds Weigh In On Nebius Group

Large investors have recently modified their holdings of the stock. Orbis Allan Gray Ltd bought a new position in Nebius Group in the 1st quarter valued at $331,474,000. Accel Leaders 4 Associates L.P. purchased a new stake in shares of Nebius Group during the 1st quarter worth $96,704,000. Invesco Ltd. purchased a new stake in shares of Nebius Group during the 1st quarter worth $73,782,000. Fred Alger Management LLC purchased a new stake in Nebius Group in the first quarter valued at about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in Nebius Group in the first quarter valued at about $46,822,000. 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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