Nebius Group (NASDAQ:NBIS) Shares Down 4.1% - Time to Sell?

Key Points

• Nebius Group's stock fell 4.1% on Friday, closing at $52.20, with a significant trading volume drop of 55% compared to its average.
• Brokerages such as Goldman Sachs and Arete initiated coverage with buy ratings, setting target prices of $68.00 and $84.00, respectively.
• Despite a substantial revenue increase of 385% year-over-year, the company reported a loss of $0.48 per share in its last earnings report.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price fell 4.1% during trading on Friday . The stock traded as low as $50.10 and last traded at $52.20. 5,694,271 shares were traded during trading, a decline of 55% from the average session volume of 12,682,276 shares. The stock had previously closed at $54.43.

Wall Street Analyst Weigh In

Several research firms recently commented on NBIS. Northland Capmk raised Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Arete Research upgraded Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. The Goldman Sachs Group started coverage on Nebius Group in a research note on Monday, July 14th. They set a "buy" rating and a $68.00 price objective for the company. Wall Street Zen downgraded Nebius Group from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Finally, Arete began coverage on Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Nebius Group presently has an average rating of "Buy" and a consensus target price of $66.80.

Nebius Group Price Performance

The business has a fifty day moving average of $48.41 and a 200-day moving average of $36.53. The stock has a market capitalization of $12.26 billion, a price-to-earnings ratio of -91.23 and a beta of 3.36.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Orbis Allan Gray Ltd purchased a new stake in shares of Nebius Group during the first quarter valued at $331,474,000. Accel Leaders 4 Associates L.P. acquired a new stake in Nebius Group in the 1st quarter valued at approximately $96,704,000. Invesco Ltd. acquired a new stake in Nebius Group in the 1st quarter valued at approximately $73,782,000. Fred Alger Management LLC acquired a new stake in Nebius Group in the 1st quarter valued at approximately $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new stake in shares of Nebius Group in the 1st quarter worth approximately $46,822,000. 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.