Nebius Group (NASDAQ:NBIS) Given New $175.00 Price Target at DA Davidson

Nebius Group (NASDAQ:NBIS) had its price objective lowered by analysts at DA Davidson from $250.00 to $175.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s price target would suggest a potential downside of 6.90% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Citigroup lowered their target price on shares of Nebius Group from $287.00 to $278.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Zacks Research downgraded Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Wolfe Research started coverage on Nebius Group in a research note on Thursday, April 16th. They issued a “peer perform” rating for the company. Piper Sandler began coverage on shares of Nebius Group in a report on Monday, August 3rd. They set a “neutral” rating and a $224.00 price objective on the stock. Finally, Northland Securities raised their price target on shares of Nebius Group from $248.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $216.29.

Nebius Group Price Performance

NBIS opened at $187.97 on Friday. The firm has a market capitalization of $47.56 billion, a PE ratio of 60.64 and a beta of 4.23. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33. The business’s 50-day moving average is $224.43 and its two-hundred day moving average is $163.82. Nebius Group has a 1 year low of $62.01 and a 1 year high of $299.86.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.58. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $375.13 million. The firm’s quarterly revenue was up 684.0% compared to the same quarter last year. Research analysts anticipate that Nebius Group will post -1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Elena Bunina sold 10,894 shares of Nebius Group stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $206.87, for a total transaction of $2,253,641.78. Following the sale, the director owned 10,772 shares of the company’s stock, valued at approximately $2,228,403.64. The trade was a 50.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Marc Boroditsky sold 10,776 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total value of $2,976,331.20. Following the sale, the executive directly owned 26,886 shares of the company’s stock, valued at $7,425,913.20. The trade was a 28.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 651,704 shares of company stock worth $137,422,230 in the last ninety days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC purchased a new position in Nebius Group during the 2nd quarter valued at about $245,000. AlpInvest Partners B.V. purchased a new stake in shares of Nebius Group during the second quarter worth $255,000. Carlyle Group Inc. purchased a new position in Nebius Group in the second quarter valued at $510,000. Tortoise Investment Management LLC acquired a new stake in Nebius Group in the 2nd quarter valued at about $529,000. Finally, Banco BTG Pactual S.A. acquired a new position in shares of Nebius Group during the second quarter worth about $779,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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.