Nebius Group (NASDAQ:NBIS) Shares Down 3.7% - Time to Sell?

Key Points

• Shares fell 3.7% to $96.45 on Tuesday (intraday low $96.06) with ~11.23M shares traded, about 26% below the stock's average daily volume, after a prior close of $100.15.
• Analyst consensus is "Buy" with an average price target of $144.71 (2 Strong Buy, 7 Buy, 2 Hold), though individual targets vary widely from about $120 to $175.
• Company fundamentals mix strength and risk: market cap $24.29B, very high liquidity (current/quick ratios 14.7), low leverage (debt/equity 0.31), but a negative PE of -125.26 and a beta of 3.29 signaling elevated volatility.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price dropped 3.7% on Tuesday . The stock traded as low as $96.06 and last traded at $96.45. Approximately 11,234,595 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 15,172,143 shares. The stock had previously closed at $100.15.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a "hold (c-)" rating on shares of Nebius Group in a report on Monday. Citizens Jmp started coverage on shares of Nebius Group in a research note on Wednesday, November 19th. They set a "market outperform" rating and a $175.00 price target on the stock. Wall Street Zen downgraded shares of Nebius Group from a "hold" rating to a "sell" rating in a report on Saturday, November 15th. BWS Financial reissued a "buy" rating and set a $130.00 price objective on shares of Nebius Group in a report on Thursday, November 13th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Nebius Group presently has a consensus rating of "Buy" and an average target price of $144.71.

Nebius Group Stock Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. The firm has a market capitalization of $24.29 billion, a PE ratio of -125.26 and a beta of 3.29. The stock has a 50-day moving average price of $109.92 and a 200-day moving average price of $76.28.

Institutional Investors Weigh In On Nebius Group

Several large investors have recently added to or reduced their stakes in NBIS. Oppenheimer Asset Management Inc. boosted its position in Nebius Group by 186.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company's stock worth $1,652,000 after acquiring an additional 19,424 shares during the period. Scientech Research LLC bought a new stake in shares of Nebius Group during the first quarter valued at about $869,000. MGO One Seven LLC acquired a new stake in Nebius Group in the second quarter worth about $255,000. Hardy Reed LLC bought a new position in Nebius Group in the 2nd quarter valued at about $365,000. Finally, First Dallas Securities Inc. acquired a new position in Nebius Group during the 2nd quarter valued at about $315,000. 21.90% of the stock is owned by institutional investors and hedge funds.

About Nebius Group

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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