Nebius Group (NASDAQ:NBIS) Shares Down 7% After Earnings Miss

Key Points

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Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) were down 7% on Tuesday following a weaker than expected earnings announcement. The company traded as low as $66.77 and last traded at $67.44. Approximately 4,979,896 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 12,901,383 shares. The stock had previously closed at $72.54.

The company reported ($0.48) earnings per share for the quarter. The company had revenue of $55.30 million for the quarter. Nebius Group's revenue was up 385 on a year-over-year basis. During the same period in the prior year, the company posted ($0.25) earnings per share.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Arete assumed coverage on shares of Nebius Group in a research note on Thursday, June 5th. They set a "buy" rating and a $84.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of Nebius Group in a research note on Monday, July 14th. They set a "buy" rating and a $68.00 price objective on the stock. DA Davidson lifted their price objective on shares of Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, Arete Research raised shares of Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat.com, Nebius Group has a consensus rating of "Buy" and an average target price of $70.80.

Hedge Funds Weigh In On Nebius Group

Institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc acquired a new position in Nebius Group during the first quarter worth about $25,000. Signaturefd LLC boosted its holdings in 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 purchasing an additional 250 shares during the last quarter. SJS Investment Consulting Inc. acquired a new position in Nebius Group in the 2nd quarter valued at about $31,000. First Horizon Advisors Inc. acquired a new position in Nebius Group in the 1st quarter valued at about $33,000. Finally, Banque Cantonale Vaudoise acquired a new position in Nebius Group in the 1st quarter valued at about $33,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Nebius Group Stock Down 6.5%

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 company has a market capitalization of $15.99 billion, a price-to-earnings ratio of -118.39 and a beta of 3.36. The firm's fifty day simple moving average is $53.90 and its two-hundred day simple moving average is $38.95.

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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