Nebius Group (NASDAQ:NBIS) Shares Down 3.2% - What's Next?

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price was down 3.2% during mid-day trading on Friday . The stock traded as low as $51.60 and last traded at $51.97. Approximately 3,410,296 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 11,284,425 shares. The stock had previously closed at $53.69.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NBIS shares. The Goldman Sachs Group started coverage on Nebius Group in a report on Monday. They issued a "buy" rating and a $68.00 price target for the company. Arete started coverage on Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target for the company. BWS Financial increased their price target on Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Arete Research upgraded Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Finally, Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $66.80.

Nebius Group Stock Performance

The company has a market cap of $12.23 billion, a P/E ratio of -90.88 and a beta of 3.25. The company has a fifty day moving average price of $44.92 and a two-hundred day moving average price of $34.98.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. 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 valued at $25,000 after purchasing an additional 250 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Nebius Group by 4.9% in the second quarter. Farther Finance Advisors LLC now owns 7,005 shares of the company's stock valued at $388,000 after buying an additional 326 shares during the last quarter. SJS Investment Consulting Inc. acquired a new stake in shares of Nebius Group in the second quarter valued at approximately $31,000. ORG Partners LLC lifted its position in shares of Nebius Group by 369.1% in the second quarter. ORG Partners LLC now owns 760 shares of the company's stock valued at $39,000 after buying an additional 598 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Nebius Group in the second quarter valued at approximately $40,000. 21.90% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.