Nebius Group (NASDAQ:NBIS) Shares Down 2.3% - Should You Sell?

Key Points

• Nebius Group's shares dropped 2.3% to trade at $129.58 after peaking at $132.64, amidst a trading volume increase of 93% compared to the average.
• Analysts have shown mixed sentiments, with several firms maintaining ratings ranging from "buy" to "hold," and a consensus rating of "buy" with an average target price of $91.20.
• In its latest earnings report, Nebius Group exceeded expectations with a reported revenue of $105.10 million and an EPS of ($0.38), which surpassed the consensus estimate of ($0.41).

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) fell 2.3% during mid-day trading on Friday . The stock traded as low as $128.01 and last traded at $129.58. Approximately 27,150,731 shares traded hands during trading, an increase of 93% from the average session volume of 14,097,184 shares. The stock had previously closed at $132.64.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NBIS. Weiss Ratings reissued a "hold (c+)" rating on shares of Nebius Group in a research report on Saturday, September 27th. BWS Financial increased their target price on shares of Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research note on Monday, September 15th. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Finally, DA Davidson reiterated a "buy" rating and set a $75.00 price objective on shares of Nebius Group in a research note on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $91.20.

Nebius Group Stock Down 2.3%

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 firm has a market cap of $30.55 billion, a price-to-earnings ratio of -227.33 and a beta of 3.45. The stock's 50 day moving average is $85.27 and its 200 day moving average is $54.04.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.03. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%.The company had revenue of $105.10 million for the quarter, compared to analysts' expectations of $95.60 million. Analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current year.

Hedge Funds Weigh In On Nebius Group

Several hedge funds have recently made changes to their positions in NBIS. IFP Advisors Inc acquired a new position in shares of Nebius Group in the 1st quarter worth approximately $25,000. Signaturefd LLC grew its position in Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company's stock worth $25,000 after buying an additional 250 shares during the last quarter. SJS Investment Consulting Inc. acquired a new position in Nebius Group in the second quarter worth approximately $31,000. First Horizon Advisors Inc. acquired a new position in Nebius Group in the first quarter worth approximately $33,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Nebius Group in the 1st quarter worth $33,000. 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.

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