Nebius Group (NASDAQ:NBIS) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Nebius Group has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, impacting investor sentiment.
• Despite the downgrade, several analysts, including Arete and DA Davidson, maintain buy ratings for the stock with price targets ranging from $47.00 to $84.00.
• The company reported disappointing quarterly earnings, missing consensus estimates with a loss of ($0.44) per share against an anticipated ($0.41).

Nebius Group (NASDAQ:NBIS - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

A number of other research analysts also recently weighed in on NBIS. DA Davidson upped their price target on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group began coverage on shares of Nebius Group in a research report on Monday, July 14th. They issued a "buy" rating and a $68.00 target price for the company. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. BWS Financial raised their price objective on Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Arete Research upgraded Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, Nebius Group presently has an average rating of "Buy" and a consensus price target of $70.80.

Nebius Group Trading Down 1.6%

Shares of NBIS stock traded down $1.04 on Friday, reaching $64.43. The company had a trading volume of 6,451,867 shares, compared to its average volume of 12,582,725. The company has a 50-day moving average of $59.01 and a 200-day moving average of $41.64. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The stock has a market cap of $15.19 billion, a PE ratio of -113.26 and a beta of 3.55. Nebius Group has a 12 month low of $14.09 and a 12 month high of $75.96.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings results on Tuesday, September 9th. The company reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.03). The firm had revenue of $47.60 million during the quarter, compared to the consensus estimate of $95.60 million. On average, equities analysts forecast that Nebius Group will post -1.1 earnings per share for the current year.

Institutional Trading of Nebius Group

Several large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in Nebius Group by 2.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,613 shares of the company's stock worth $532,000 after purchasing an additional 231 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Nebius Group by 125.0% during the second quarter. Signaturefd LLC now owns 450 shares of the company's stock valued at $25,000 after buying an additional 250 shares during the last quarter. Assetmark Inc. boosted its position in Nebius Group by 102.0% in the second quarter. Assetmark Inc. now owns 602 shares of the company's stock worth $33,000 after purchasing an additional 304 shares during the last quarter. LRI Investments LLC boosted its holdings in Nebius Group by 85.4% in the 2nd quarter. LRI Investments LLC now owns 673 shares of the company's stock worth $37,000 after buying an additional 310 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Nebius Group by 4.9% in the second quarter. Farther Finance Advisors LLC now owns 7,005 shares of the company's stock worth $388,000 after acquiring an additional 326 shares in the last quarter. Institutional investors own 21.90% of the company's stock.

Nebius Group Company Profile

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.