Nebius Group (NASDAQ:NBIS) Stock Price Down 1.1% - Should You Sell?

Key Points

• Nebius Group's stock price fell by 1.1%, trading at $64.92 with a significant drop in trading volume, which was down 80% compared to its average.
• Analysts have generally rated Nebius Group positively, with two analysts giving a "Strong Buy" rating and an average target price of $70.80.
• The company recently reported a loss of ($0.44) earnings per share, missing analysts' expectations, while its revenue for the quarter was $47.60 million, considerably below the anticipated $95.60 million.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price dropped 1.1% during mid-day trading on Thursday . The stock traded as low as $64.41 and last traded at $64.92. Approximately 2,575,082 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 12,642,306 shares. The stock had previously closed at $65.65.

Analyst Ratings Changes

NBIS has been the topic of several research analyst reports. Arete initiated coverage on Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective on the stock. Arete Research raised Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. DA Davidson increased their price objective on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Northland Securities set a $47.00 price objective on Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Finally, BWS Financial increased their price objective on Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, Nebius Group has an average rating of "Buy" and an average target price of $70.80.

Nebius Group Stock Performance

The firm has a fifty day moving average price of $58.49 and a 200 day moving average price of $41.43. 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 $15.30 billion, a PE ratio of -113.88 and a beta of 3.55.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its earnings results on Tuesday, September 9th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.03). The company had revenue of $47.60 million during the quarter, compared to the consensus estimate of $95.60 million. Research analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nebius Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NBIS. IFP Advisors Inc purchased a new position in Nebius Group in the 1st quarter worth $25,000. Signaturefd LLC raised its stake in Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company's stock worth $25,000 after acquiring an additional 250 shares during the last quarter. SJS Investment Consulting Inc. purchased a new position in Nebius Group in the 2nd quarter worth $31,000. First Horizon Advisors Inc. purchased a new position in shares of Nebius Group during the 1st quarter valued at about $33,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Nebius Group during the 1st quarter valued at about $33,000. Hedge funds and other 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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