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

Key Points

• Nebius Group's stock price experienced a significant gap down from a previous close of $95.72 to an opening at $91.64, though it later traded at $97.89 with considerable volume.
• Wall Street analysts have mixed ratings on the stock, with Goldman Sachs initiating coverage at a "buy" with a target of $68.00, while Wall Street Zen downgraded it from "hold" to "sell." The consensus rating is currently "Buy" with an average target price of $80.80.
• Nebius Group reported earnings that beat analyst expectations, posting a revenue of $105.1 million for the quarter compared to projected $95.6 million, while the firm anticipates a forecast of -1.1 EPS for the current fiscal year.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $95.72, but opened at $91.64. Nebius Group shares last traded at $97.89, with a volume of 17,506,495 shares.

Wall Street Analyst Weigh In

NBIS has been the topic of several analyst reports. The Goldman Sachs Group assumed coverage on Nebius Group in a report on Monday, July 14th. They set a "buy" rating and a $68.00 target price on the stock. DA Davidson reaffirmed a "buy" rating and set a $75.00 price target on shares of Nebius Group in a research report on Tuesday. Arete Research raised Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Northland Securities set a $47.00 price objective on Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen lowered Nebius Group from a "hold" rating to a "sell" rating in a research report on Saturday. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $80.80.

Nebius Group Stock Up 0.2%

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 stock has a 50-day moving average of $60.10 and a 200-day moving average of $42.19. The firm has a market cap of $22.61 billion, a price-to-earnings ratio of -166.39 and a beta of 3.55.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced 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 firm had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. As a group, sell-side analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Nebius Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Centaurus Financial Inc. acquired a new stake in Nebius Group in the fourth quarter worth about $9,505,000. GAMMA Investing LLC bought a new stake in shares of Nebius Group during the 1st quarter worth about $80,000. Whipplewood Advisors LLC acquired a new stake in shares of Nebius Group in the 1st quarter worth approximately $36,000. Intellectus Partners LLC bought a new position in shares of Nebius Group in the first quarter valued at approximately $570,000. Finally, SeaCrest Wealth Management LLC bought a new position in shares of Nebius Group in the first quarter valued at approximately $453,000. 21.90% of the stock is currently 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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