Nebius Group (NASDAQ:NBIS) Stock Price Down 1.8% - What's Next?

Key Points

• Nebius Group's shares experienced a decline of 1.8%, trading as low as $122.20 with a last traded price of $125.83 amid decreased trading volume.
• Wall Street analysts have shown a consensus rating of "Buy" for Nebius Group, with price targets set as high as $120.00 by Goldman Sachs and a general price target of $91.20.
• Institutional investors currently hold 21.90% of Nebius Group's stock, with notable firms like Orbis Allan Gray Ltd increasing their stake significantly during recent quarters.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares were down 1.8% on Wednesday . The stock traded as low as $122.20 and last traded at $125.83. Approximately 11,593,891 shares changed hands during trading, a decline of 18% from the average daily volume of 14,078,811 shares. The stock had previously closed at $128.15.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NBIS shares. Wall Street Zen raised Nebius Group from a "sell" rating to a "hold" rating in a research report on Tuesday, September 30th. DA Davidson reaffirmed a "buy" rating and set a $75.00 price target on shares of Nebius Group in a research report on Tuesday, September 9th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $120.00 price target on shares of Nebius Group in a research report on Wednesday, September 17th. Seaport Res Ptn raised Nebius Group to a "hold" rating in a research report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nebius Group in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $91.20.

Nebius Group Price Performance

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 market capitalization of $29.66 billion, a price-to-earnings ratio of -220.75 and a beta of 3.45. The stock has a 50-day moving average price of $89.90 and a 200 day moving average price of $56.45.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.03. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%.The firm had revenue of $105.10 million for the quarter, compared to analysts' expectations of $95.60 million. As a group, equities research analysts expect 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 bought and sold shares of the company. Orbis Allan Gray Ltd boosted its holdings in Nebius Group by 12.4% in the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company's stock worth $976,681,000 after buying an additional 1,949,708 shares during the last quarter. Accel Leaders 4 Associates L.P. acquired a new stake in Nebius Group in the 1st quarter worth about $96,704,000. Invesco Ltd. boosted its holdings in Nebius Group by 2.7% in the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company's stock worth $198,514,000 after buying an additional 92,710 shares during the last quarter. Fred Alger Management LLC acquired a new stake in Nebius Group in the 1st quarter worth about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new stake in Nebius Group in the 1st quarter worth about $46,822,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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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