Nebius Group (NASDAQ:NBIS) Stock Price Up 2.7% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS)’s share price shot up 2.7% during trading on Monday . The stock traded as high as $101.16 and last traded at $100.61. 8,843,059 shares were traded during trading, a decline of 36% from the average session volume of 13,753,361 shares. The stock had previously closed at $97.92.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NBIS. Wall Street Zen cut shares of Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Freedom Capital upgraded shares of Nebius Group to a “strong-buy” rating in a research note on Tuesday, February 3rd. Weiss Ratings lowered shares of Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. Compass Point began coverage on Nebius Group in a report on Wednesday, February 18th. They set a “buy” rating and a $150.00 target price for the company. Finally, CICC Research began coverage on Nebius Group in a research report on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Nebius Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.22.

Nebius Group Trading Up 2.7%

The company’s 50 day simple moving average is $93.02 and its two-hundred day simple moving average is $95.33. The company has a quick ratio of 6.57, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $25.33 billion, a price-to-earnings ratio of -68.91 and a beta of 3.91.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data 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). Nebius Group had a negative return on equity of 11.70% and a net margin of 19.02%.The business had revenue of $227.70 million during the quarter, compared to analyst estimates of $246.05 million. As a group, research analysts anticipate that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nebius Group

Several hedge funds have recently modified their holdings of the stock. Harbor Advisors LLC boosted its stake in Nebius Group by 0.4% in the 3rd quarter. Harbor Advisors LLC now owns 27,600 shares of the company’s stock worth $3,099,000 after purchasing an additional 100 shares in the last quarter. Calton & Associates Inc. increased its stake in Nebius Group by 2.7% during the 4th quarter. Calton & Associates Inc. now owns 4,774 shares of the company’s stock valued at $400,000 after purchasing an additional 124 shares in the last quarter. SOA Wealth Advisors LLC. raised its holdings in shares of Nebius Group by 38.5% in the third quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock worth $51,000 after buying an additional 125 shares during the last quarter. Keybank National Association OH lifted its stake in shares of Nebius Group by 5.7% during the fourth quarter. Keybank National Association OH now owns 2,584 shares of the company’s stock worth $216,000 after buying an additional 140 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Nebius Group by 73.8% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $28,000 after buying an additional 141 shares during the last quarter. Institutional investors and hedge funds 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.