Nebius Group (NASDAQ:NBIS) Shares Down 5.8% - What's Next?

Key Points

• Nebius Group's stock fell 5.8% on Tuesday, closing at $117.70 after a previous close of $124.94, with a significant trading volume increase of 39% from the average.
• Several analysts have raised their ratings on Nebius Group, with BWS Financial increasing its target price from $90.00 to $130.00 and a current consensus rating of "Buy" across the board.
• The company reported earnings exceeding expectations, with a revenue of $105.10 million for the quarter, surpassing analysts' predictions of $95.60 million.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price was down 5.8% on Tuesday . The company traded as low as $115.72 and last traded at $117.70. Approximately 19,426,506 shares traded hands during mid-day trading, an increase of 39% from the average daily volume of 13,986,785 shares. The stock had previously closed at $124.94.

Analyst Upgrades and Downgrades

NBIS has been the topic of several recent analyst reports. BWS Financial boosted their target price 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 raised Nebius Group from a "sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Weiss Ratings restated a "hold (c+)" rating on shares of Nebius Group in a report on Saturday, September 27th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $120.00 target price on shares of Nebius Group in a report on Wednesday, September 17th. Finally, Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research report on Monday, September 15th. Two research 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.com, 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 $80.94 and a two-hundred day moving average of $52.39. 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 stock has a market cap of $27.75 billion, a PE ratio of -206.49 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.03. The company had revenue of $105.10 million during the quarter, compared to analysts' expectations of $95.60 million. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. Equities analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current year.

Institutional Trading of Nebius Group

Hedge funds have recently modified their holdings of the business. Orbis Allan Gray Ltd grew its holdings in shares of Nebius Group by 12.4% during the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company's stock valued at $976,681,000 after buying an additional 1,949,708 shares in the last quarter. Accel Leaders 4 Associates L.P. purchased a new position in Nebius Group during the 1st quarter valued at about $96,704,000. Invesco Ltd. grew its stake in Nebius Group by 2.7% during the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company's stock valued at $198,514,000 after acquiring an additional 92,710 shares in the last quarter. Fred Alger Management LLC acquired a new position in shares of Nebius Group in the 1st quarter valued at about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in shares of Nebius Group in the first quarter worth approximately $46,822,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

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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