Nebius Group (NASDAQ:NBIS) Shares Down 7% - Here's Why

Key Points

• Nebius shares fell about 7%, trading as low as $99.83 and last at $102.22 on unusually heavy volume of 44.85 million shares (up ~210% vs. average), versus a prior close of $109.95.
• Analysts are mixed but the consensus is a "Buy" with an average target of $99.83 and individual targets ranging from $75 to $143, and ratings spanning Strong Buy to Hold.
• Nebius is an AI/cloud provider (Nebius AI and Toloka AI) with strong liquidity (quick and current ratios of 14.70) and modest leverage (debt/equity 0.31), while institutional investors own ~21.9% and several hedge funds recently increased or established stakes.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares traded down 7% on Tuesday . The company traded as low as $99.83 and last traded at $102.22. 44,846,528 shares changed hands during trading, an increase of 210% from the average session volume of 14,468,677 shares. The stock had previously closed at $109.95.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Nebius Group in a research note on Wednesday, November 5th. DA Davidson reissued a "buy" rating and issued a $75.00 target price on shares of Nebius Group in a research 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. CICC Research assumed coverage on Nebius Group in a research note on Tuesday. They issued an "outperform" rating and a $143.00 price target on the stock. Finally, Seaport Res Ptn upgraded Nebius Group to a "hold" rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $99.83.

Nebius Group Price Performance

The stock has a 50 day simple moving average of $107.84 and a 200-day simple moving average of $69.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70.

Hedge Funds Weigh In On Nebius Group

A number of hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. lifted its stake in shares of Nebius Group by 186.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company's stock valued at $1,652,000 after buying an additional 19,424 shares in the last quarter. Scientech Research LLC bought a new stake in Nebius Group during the first quarter valued at about $869,000. MGO One Seven LLC purchased a new position in shares of Nebius Group in the second quarter valued at about $255,000. Hardy Reed LLC purchased a new position in shares of Nebius Group in the second quarter valued at about $365,000. Finally, Jump Financial LLC bought a new position in shares of Nebius Group in the first quarter worth about $10,362,000. 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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