Nebius Group (NASDAQ:NBIS) Shares Down 3.9% - Time to Sell?

Key Points

• Nebius Group's shares saw a drop of 3.9%, trading down from a previous close of $113.44, with a significant trading volume increase of 25%.
• Several analysts have given Nebius a consensus rating of "Buy" with target prices ranging from $75.00 to $130.00.
• The company's latest quarterly earnings showed a revenue of $105.10 million, which exceeded analysts' expectations, indicating a positive financial outlook.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares were down 3.9% on Monday . The stock traded as low as $107.51 and last traded at $109.00. Approximately 17,704,689 shares traded hands during trading, an increase of 25% from the average daily volume of 14,134,596 shares. The stock had previously closed at $113.44.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NBIS shares. BWS Financial upped their target price on shares of Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $120.00 target price on shares of Nebius Group in a research note on Wednesday, September 17th. Seaport Res Ptn raised shares of Nebius Group to a "hold" rating in a research note on Monday, September 15th. Wall Street Zen raised shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Finally, DA Davidson reaffirmed a "buy" rating and set a $75.00 target price 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 given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Nebius Group has a consensus rating of "Buy" and a consensus target price of $91.20.

Nebius Group Stock Performance

The stock's 50-day simple moving average is $94.14 and its 200 day simple moving average is $59.37. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The company has a market capitalization of $25.70 billion, a PE ratio of -191.23 and a beta of 3.45.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its position in shares of Nebius Group by 2.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,613 shares of the company's stock valued at $532,000 after buying an additional 231 shares during the last quarter. Signaturefd LLC boosted its stake in Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company's stock worth $25,000 after purchasing an additional 250 shares during the period. Assetmark Inc. boosted its stake in Nebius Group by 102.0% during the 2nd quarter. Assetmark Inc. now owns 602 shares of the company's stock worth $33,000 after purchasing an additional 304 shares during the period. LRI Investments LLC boosted its stake in Nebius Group by 85.4% during the 2nd quarter. LRI Investments LLC now owns 673 shares of the company's stock worth $37,000 after purchasing an additional 310 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Nebius Group by 4.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,005 shares of the company's stock worth $388,000 after purchasing an additional 326 shares during the period. 21.90% of the stock is owned by hedge funds and other 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.

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.