Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price dropped 1.8% on Wednesday . The stock traded as low as $68.90 and last traded at $69.23. Approximately 2,649,608 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 12,792,876 shares. The stock had previously closed at $70.48.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on NBIS shares. DA Davidson raised their price objective on shares of Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Northland Securities set a $47.00 target price on Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Arete began coverage on Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 target price on the stock. Finally, BWS Financial increased their target price on Nebius Group from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Two equities research 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, the stock has an average rating of "Buy" and a consensus target price of $70.80.
Get Our Latest Stock Report on NBIS
Nebius Group Stock Down 1.0%
The business has a 50-day moving average of $56.12 and a 200-day moving average of $40.32. 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 capitalization of $16.45 billion, a price-to-earnings ratio of -122.19 and a beta of 3.36.
Nebius Group (NASDAQ:NBIS - Get Free Report) last released its earnings results on Tuesday, September 2nd. The company reported ($0.44) earnings per share 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. On average, sell-side analysts expect that Nebius Group N.V. will post -1.1 EPS for the current year.
Institutional Investors Weigh In On Nebius Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NBIS. Centaurus Financial Inc. purchased a new stake in shares of Nebius Group during the fourth quarter worth approximately $9,505,000. GAMMA Investing LLC purchased a new stake in shares of Nebius Group during the first quarter worth approximately $80,000. Whipplewood Advisors LLC purchased a new stake in shares of Nebius Group during the first quarter worth approximately $36,000. Intellectus Partners LLC purchased a new stake in shares of Nebius Group during the first quarter worth approximately $570,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Nebius Group during the first quarter worth approximately $453,000. Hedge funds and other institutional investors own 21.90% of the company's stock.
About Nebius Group
(
Get Free Report)
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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