Nebius Group (NASDAQ:NBIS) Shares Down 1.7% - Here's Why

Key Points

• Nebius Group's stock price fell by 1.7% to $63.83, with trading volume down 76% compared to its average.
• Several analysts upgraded Nebius Group's stock, with DA Davidson raising the price target to $65.00 and BWS Financial increasing it to $90.00.
• The company reported a quarterly loss of ($0.44) per share, missing estimates, and generated $47.60 million in revenue against a forecast of $95.60 million.

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) traded down 1.7% during mid-day trading on Friday . The stock traded as low as $63.26 and last traded at $63.83. 2,997,820 shares were traded during mid-day trading, a decline of 76% from the average session volume of 12,601,608 shares. The stock had previously closed at $64.91.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen cut Nebius Group from a "hold" rating to a "sell" rating in a research report on Saturday. The Goldman Sachs Group assumed coverage on Nebius Group in a research report on Monday, July 14th. They issued a "buy" rating and a $68.00 price target on the stock. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. DA Davidson boosted their price target on Nebius Group from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Arete assumed coverage on Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to data from MarketBeat, Nebius Group presently has a consensus rating of "Buy" and an average target price of $70.80.

Nebius Group Price Performance

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 company has a 50-day simple moving average of $59.01 and a 200-day simple moving average of $41.67. The company has a market cap of $15.43 billion, a price-to-earnings ratio of -114.86 and a beta of 3.55.

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

Institutional Investors Weigh In On Nebius Group

Several institutional investors have recently modified their holdings of the company. Orbis Allan Gray Ltd boosted its stake in shares of Nebius Group by 12.4% during the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company's stock worth $976,681,000 after acquiring an additional 1,949,708 shares in the last quarter. Accel Leaders 4 Associates L.P. purchased a new stake in shares of Nebius Group during the 1st quarter worth approximately $96,704,000. Invesco Ltd. boosted its stake in shares of 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 acquiring an additional 92,710 shares in the last quarter. Fred Alger Management LLC purchased a new stake in shares of Nebius Group during the 1st quarter worth approximately $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in shares of Nebius Group during the 1st quarter worth approximately $46,822,000. Hedge funds and other 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.