Nebius Group (NASDAQ:NBIS) Shares Down 4.3% - Should You Sell?

Key Points

• Nebius Group's shares declined by 4.3%, closing at $104.28, after trading as low as $101.40, with trading volume increasing to approximately 18.2 million shares.
• Analysts show a mixed outlook, with two analysts rating the stock as Strong Buy, while overall, it holds a consensus rating of "Buy" with an average target price of $91.20.
• The company reported a net margin of 99.34% and beat earnings estimates with revenue of $105.1 million for the last quarter.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) dropped 4.3% on Tuesday . The company traded as low as $101.40 and last traded at $104.28. Approximately 18,222,017 shares changed hands during trading, an increase of 29% from the average daily volume of 14,149,951 shares. The stock had previously closed at $109.00.

Analyst Ratings Changes

Several equities research analysts have recently commented on NBIS shares. Weiss Ratings restated a "hold (c)" rating on shares of Nebius Group in a report on Tuesday, October 14th. Seaport Res Ptn raised shares of Nebius Group to a "hold" rating in a research note on Monday, September 15th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. Wall Street Zen raised Nebius Group from a "sell" rating to a "hold" rating in a research report on Tuesday, September 30th. Finally, BWS Financial lifted their price target 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. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Nebius Group has a consensus rating of "Buy" and an average target price of $91.20.

Nebius Group Price Performance

The stock has a 50 day moving average of $94.14 and a 200-day moving average of $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 cap of $24.58 billion, a PE ratio of -182.95 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) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.03. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%.The business had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. Equities analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC purchased a new stake in Nebius Group in the first quarter valued at $80,000. PFG Investments LLC acquired a new position in shares of Nebius Group in the 1st quarter valued at about $860,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Nebius Group in the first quarter worth about $208,000. Oppenheimer Asset Management Inc. acquired a new stake in Nebius Group during the first quarter worth about $220,000. Finally, Creative Financial Designs Inc. ADV acquired a new stake in Nebius Group during the first quarter worth about $57,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

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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