Nebius Group (NASDAQ:NBIS) Shares Down 2.2% - Here's What Happened

Key Points

• Nebius Group's shares fell by 2.2%, trading between $68.27 and $70.03, with a significant decline in trading volume down to 4,061,964 shares from an average of 12,918,694.
• Analysts have given Nebius a consensus rating of "Buy", with a target price averaging $70.80, and recent upgrades including a boost from BWS Financial to $90.00.
• The company reported a quarterly revenue increase of 385% year-over-year, with earnings of ($0.48) per share, highlighting strong growth despite ongoing losses.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares traded down 2.2% during mid-day trading on Monday . The company traded as low as $68.27 and last traded at $70.03. 4,061,964 shares traded hands during trading, a decline of 69% from the average session volume of 12,918,694 shares. The stock had previously closed at $71.62.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. BWS Financial boosted their price objective on Nebius Group from $80.00 to $90.00 and gave the company a "buy" rating in a report on Friday, August 8th. Arete Research upgraded Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Arete started coverage on Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price for the company. Northland Securities set a $47.00 target price on Nebius Group and gave the stock an "outperform" rating in a report on Wednesday, May 21st. Finally, DA Davidson upped their target price on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $70.80.

Nebius Group Stock Up 0.1%

The firm has a market capitalization of $16.90 billion, a PE ratio of -125.57 and a beta of 3.36. The company has a fifty day simple moving average of $53.50 and a two-hundred day simple moving average of $38.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. raised its position in shares of Nebius Group by 168.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,410 shares of the company's stock worth $133,000 after acquiring an additional 1,512 shares in the last quarter. Hollencrest Capital Management bought a new position in shares of Nebius Group in the 2nd quarter worth $117,000. Tower Research Capital LLC TRC raised its position in shares of Nebius Group by 741.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,564 shares of the company's stock worth $419,000 after acquiring an additional 6,665 shares in the last quarter. Cannell Capital LLC bought a new position in shares of Nebius Group in the 2nd quarter worth $2,464,000. Finally, Captrust Financial Advisors bought a new position in shares of Nebius Group in the 2nd quarter worth $363,000. 21.90% of the stock is owned by institutional investors.

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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