Nebius Group (NASDAQ:NBIS) Stock Price Down 2.2% - Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price traded down 2.2% on Wednesday . The company traded as low as $45.95 and last traded at $46.07. 4,159,519 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 11,212,549 shares. The stock had previously closed at $47.10.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. BWS Financial raised their price target on shares of Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Finally, DA Davidson lifted their target price on shares of Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $66.50.

Nebius Group Trading Down 4.6%

The company has a market cap of $10.44 billion, a PE ratio of 49.78 and a beta of 3.25. The firm's fifty day moving average is $42.76 and its 200 day moving average is $34.32.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Centaurus Financial Inc. purchased a new stake in Nebius Group during the fourth quarter worth about $9,505,000. GAMMA Investing LLC purchased a new stake in Nebius Group during the first quarter worth about $80,000. Whipplewood Advisors LLC purchased a new stake in Nebius Group during the first quarter worth about $36,000. Intellectus Partners LLC purchased a new stake in Nebius Group during the first quarter worth about $570,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in Nebius Group during the first quarter worth about $453,000. Institutional investors and hedge funds 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.