Nebius Group (NASDAQ:NBIS) Trading Down 1.3% - Time to Sell?

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares were down 1.3% during mid-day trading on Tuesday . The stock traded as low as $46.65 and last traded at $47.22. Approximately 3,888,613 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 12,799,899 shares. The stock had previously closed at $47.84.

Wall Street Analyst Weigh In

Several analysts have issued reports on NBIS shares. Arete started coverage on Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price on the stock. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. BWS Financial boosted their target price on Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Arete Research upgraded Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $66.50.

Nebius Group Stock Up 0.8%

The company has a market capitalization of $10.95 billion, a PE ratio of -81.46 and a beta of 3.25. The company has a 50-day moving average price of $42.38 and a two-hundred day moving average price of $34.16.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The company had revenue of $55.30 million during the quarter. During the same quarter in the previous year, the business earned ($0.25) earnings per share. The business's revenue for the quarter was up 385 compared to the same quarter last year. As a group, equities analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Nebius Group

Several hedge funds have recently added to or reduced their stakes in NBIS. Centaurus Financial Inc. bought a new stake in shares of Nebius Group in the 4th quarter valued at about $9,505,000. GAMMA Investing LLC bought a new position in Nebius Group during the 1st quarter valued at approximately $80,000. Whipplewood Advisors LLC bought a new position in Nebius Group during the 1st quarter valued at approximately $36,000. Intellectus Partners LLC bought a new position in Nebius Group during the 1st quarter valued at approximately $570,000. Finally, SeaCrest Wealth Management LLC bought a new position in Nebius Group during the 1st quarter valued at approximately $453,000. Institutional investors own 21.90% of the company's stock.

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.