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

Key Points

• Nebius shares gapped down pre-market from $108.73 to $101.83 and last traded around $101.69 on ~4.57M shares, signaling short-term volatility.
• Analyst sentiment is mixed but leans positive: the consensus is a "Moderate Buy" with an average price target of $142.38, while some firms raised targets (to $211 and $150) and others downgraded to sell.
• Despite a large market cap (~$25.08B), Nebius is currently unprofitable (P/E -129.84) with a high beta (4.00), though several institutional investors recently increased sizable stakes in the company.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $108.73, but opened at $101.83. Nebius Group shares last traded at $101.6940, with a volume of 4,574,039 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Northland Securities increased their price objective on Nebius Group from $206.00 to $211.00 and gave the company an "outperform" rating in a report on Wednesday, November 12th. DA Davidson reaffirmed a "buy" rating and set a $150.00 target price on shares of Nebius Group in a research report on Wednesday, November 12th. Weiss Ratings lowered shares of Nebius Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday. BWS Financial restated a "buy" rating and issued a $130.00 price objective on shares of Nebius Group in a research note on Thursday, November 13th. Finally, Wall Street Zen downgraded shares of Nebius Group from a "hold" rating to a "sell" rating in a report on Saturday, November 15th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Nebius Group presently has a consensus rating of "Moderate Buy" and an average price target of $142.38.

Nebius Group Stock Performance

The company has a market cap of $25.08 billion, a P/E ratio of -129.84 and a beta of 4.00. The stock has a 50-day simple moving average of $92.99 and a 200 day simple moving average of $88.20.

Hedge Funds Weigh In On Nebius Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Orbis Allan Gray Ltd boosted its stake in Nebius Group by 12.4% in the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company's stock worth $976,681,000 after purchasing an additional 1,949,708 shares in the last quarter. Fred Alger Management LLC raised its holdings in shares of Nebius Group by 33.4% in the third quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company's stock valued at $1,137,551,000 after buying an additional 2,536,832 shares during the last quarter. Jericho Capital Asset Management L.P. raised its holdings in shares of Nebius Group by 55.7% in the third quarter. Jericho Capital Asset Management L.P. now owns 4,607,497 shares of the company's stock valued at $517,284,000 after buying an additional 1,648,497 shares during the last quarter. Invesco Ltd. lifted its position in Nebius Group by 2.7% during the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company's stock worth $198,514,000 after buying an additional 92,710 shares in the last quarter. Finally, Rovida Investment Management Ltd grew its holdings in Nebius Group by 26.0% during the 3rd quarter. Rovida Investment Management Ltd now owns 2,193,647 shares of the company's stock worth $246,193,000 after acquiring an additional 453,000 shares during the last quarter. 21.90% of the stock is owned by institutional investors.

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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