Nebius Group (NASDAQ:NBIS) Shares Down 5.4% - What's Next?

Key Points

• Nebius Group's shares fell by 5.4% to $128.15, with trading volume declining by 8% compared to the average daily volume.
• Analysts show a positive outlook, with several firms raising their price objectives, including BWS Financial increasing its target from $90 to $130 and reaffirming a "buy" rating.
• The company reported earnings of ($0.38) per share, exceeding forecasts, and generated $105.1 million in revenue, surpassing analyst expectations of $95.6 million.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares dropped 5.4% on Tuesday . The stock traded as low as $125.75 and last traded at $128.15. Approximately 12,909,795 shares changed hands during trading, a decline of 8% from the average daily volume of 14,090,366 shares. The stock had previously closed at $135.46.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. BWS Financial lifted their price objective on Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a research note on Tuesday, September 30th. The Goldman Sachs Group reissued a "buy" rating and set a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. DA Davidson reiterated a "buy" rating and set a $75.00 price objective on shares of Nebius Group in a research report on Tuesday, September 9th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nebius Group in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $91.20.

Nebius Group Trading Down 5.4%

The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $30.21 billion, a P/E ratio of -224.82 and a beta of 3.45. The stock has a 50-day simple moving average of $88.44 and a two-hundred day simple moving average of $55.95.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc acquired a new position in shares of Nebius Group during the first quarter valued at about $25,000. Signaturefd LLC increased its position in shares of Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company's stock valued at $25,000 after acquiring an additional 250 shares during the period. SJS Investment Consulting Inc. acquired a new position in shares of Nebius Group in the 2nd quarter valued at $31,000. First Horizon Advisors Inc. acquired a new position in shares of Nebius Group in the 1st quarter valued at $33,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Nebius Group in the 1st quarter valued at $33,000. 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.

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