Wall Street Zen upgraded shares of Nebius Group (NASDAQ:NBIS – Free Report) from a sell rating to a hold rating in a report published on Sunday morning.
NBIS has been the topic of several other research reports. The Goldman Sachs Group initiated coverage on Nebius Group in a research note on Monday, July 14th. They set a “buy” rating and a $68.00 price objective on the stock. Northland Securities set a $47.00 price objective on Nebius Group and gave the company an “outperform” rating in a research note on Wednesday, May 21st. Arete initiated coverage on Nebius Group in a research note on Thursday, June 5th. They set a “buy” rating and a $84.00 price objective on the stock. DA Davidson restated a “buy” rating and set a $75.00 price objective on shares of Nebius Group in a research note on Tuesday, September 9th. Finally, BWS Financial upped their price objective on Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, Nebius Group has a consensus rating of “Buy” and an average price target of $80.80.
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Nebius Group Trading Up 1.4%
NASDAQ:NBIS opened at $90.41 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. Nebius Group has a one year low of $14.09 and a one year high of $100.51. The business’s 50-day simple moving average is $62.55 and its 200 day simple moving average is $43.42. The stock has a market cap of $21.31 billion, a price-to-earnings ratio of -158.61 and a beta of 3.55.
Nebius Group (NASDAQ:NBIS – Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.03. The business had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. As a group, sell-side analysts predict that Nebius Group will post -1.1 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Nebius Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NBIS. IFP Advisors Inc bought a new position in Nebius Group in the 1st quarter worth approximately $25,000. Signaturefd LLC grew its holdings in Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after buying an additional 250 shares in the last quarter. SJS Investment Consulting Inc. bought a new position in Nebius Group in the 2nd quarter worth approximately $31,000. First Horizon Advisors Inc. bought a new position in Nebius Group in the 1st quarter worth approximately $33,000. Finally, Banque Cantonale Vaudoise bought a new position in Nebius Group in the 1st quarter worth approximately $33,000. 21.90% of the stock is owned by institutional investors.
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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