Nebius Group (NASDAQ:NBIS) Shares Down 1.9% - What's Next?

Key Points

• Nebius Group's shares fell by 1.9% to $69.32, with trading volume down 71% compared to average levels.
• Wall Street analysts have mixed opinions on the stock, with a target price ranging from $47.00 to $90.00 and an average rating of "Buy."
• The company reported a significant 385% year-over-year revenue increase to $55.30 million, although its earnings per share were negative at ($0.48).

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price dropped 1.9% during mid-day trading on Thursday . The company traded as low as $69.44 and last traded at $69.32. Approximately 3,760,769 shares traded hands during trading, a decline of 71% from the average daily volume of 12,942,463 shares. The stock had previously closed at $70.63.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NBIS shares. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Arete assumed coverage on shares of Nebius Group in a research note on Thursday, June 5th. They set a "buy" rating and a $84.00 price objective on the stock. BWS Financial upped their price target on shares of Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Wall Street Zen raised shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $70.80.

Nebius Group Price Performance

The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $16.05 billion, a PE ratio of -119.48 and a beta of 3.36. The stock's 50-day moving average is $52.59 and its 200 day moving average is $37.98.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The firm had revenue of $55.30 million for the quarter. The company's quarterly revenue was up 385 on a year-over-year basis. During the same period in the previous year, the business posted ($0.25) earnings per share. As a group, equities analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its holdings in Nebius Group by 2.5% during the second quarter. PNC Financial Services Group Inc. now owns 9,613 shares of the company's stock worth $532,000 after buying an additional 231 shares during the last quarter. Signaturefd LLC boosted its position in Nebius Group by 125.0% during the second quarter. Signaturefd LLC now owns 450 shares of the company's stock worth $25,000 after purchasing an additional 250 shares during the period. Assetmark Inc. boosted its position in Nebius Group by 102.0% during 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 period. LRI Investments LLC boosted its position in Nebius Group by 85.4% during the second quarter. LRI Investments LLC now owns 673 shares of the company's stock worth $37,000 after purchasing an additional 310 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Nebius Group by 4.9% during the second quarter. Farther Finance Advisors LLC now owns 7,005 shares of the company's stock worth $388,000 after purchasing an additional 326 shares during the period. 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.

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