Nebius Group (NASDAQ:NBIS) Stock Price Up 3.4% – Should You Buy?

Shares of Nebius Group N.V. (NASDAQ:NBIS) were up 3.4% during trading on Monday . The company traded as high as $113.84 and last traded at $112.54. Approximately 10,863,072 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 15,005,096 shares. The stock had previously closed at $108.82.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Morgan Stanley started coverage on shares of Nebius Group in a research report on Thursday, January 15th. They issued an “equal weight” rating and a $126.00 target price for the company. Weiss Ratings downgraded Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Citigroup began coverage on Nebius Group in a report on Monday, March 16th. They issued a “buy” rating and a $169.00 price objective for the company. BWS Financial upped 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. Finally, Freedom Capital raised Nebius Group to a “strong-buy” rating in a research report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $157.09.

Nebius Group Trading Up 3.4%

The stock’s 50-day simple moving average is $100.30 and its two-hundred day simple moving average is $101.95. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 6.57. The firm has a market capitalization of $28.34 billion, a P/E ratio of -77.08 and a beta of 4.20.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Thursday, February 12th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.27). The firm had revenue of $227.70 million for the quarter, compared to analysts’ expectations of $246.05 million. Nebius Group had a net margin of 19.02% and a negative return on equity of 11.70%. Equities research analysts expect that Nebius Group N.V. will post -1.1 EPS for the current year.

Insider Transactions at Nebius Group

In related news, insider Andrey Korolenko sold 26,976 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $98.78, for a total transaction of $2,664,689.28. Following the completion of the sale, the insider owned 616,566 shares in the company, valued at approximately $60,904,389.48. This trade represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Danila Shtan sold 13,489 shares of Nebius Group stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $98.78, for a total value of $1,332,443.42. Following the sale, the chief technology officer directly owned 307,378 shares in the company, valued at $30,362,798.84. This trade represents a 4.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 73,823 shares of company stock valued at $7,457,358 over the last 90 days.

Hedge Funds Weigh In On Nebius Group

Several hedge funds have recently modified their holdings of NBIS. Orbis Allan Gray Ltd boosted its position in shares of Nebius Group by 12.4% during the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock worth $976,681,000 after acquiring an additional 1,949,708 shares during the last quarter. Fred Alger Management LLC increased its holdings in Nebius Group by 33.4% in the 3rd quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock valued at $1,137,551,000 after acquiring an additional 2,536,832 shares during the last quarter. Jericho Capital Asset Management L.P. lifted its stake in Nebius Group by 55.7% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 4,607,497 shares of the company’s stock worth $517,284,000 after purchasing an additional 1,648,497 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Nebius Group by 35.2% during the 4th quarter. Morgan Stanley now owns 3,704,659 shares of the company’s stock valued at $310,099,000 after purchasing an additional 964,984 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Nebius Group by 2.7% during the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock valued at $198,514,000 after purchasing an additional 92,710 shares during the last quarter. Hedge funds and other institutional investors own 21.90% of the company’s stock.

About Nebius Group

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.