Nebius Group (NASDAQ:NBIS) Stock Price Down 2.2% - Time to Sell?

Key Points

• Nebius Group's stock price fell by 2.2% during mid-day trading, closing at $123.04 from a previous close of $125.83.
• Analysts have upgraded Nebius Group's rating to "hold," with BWS Financial raising its price target to $130.00 and Goldman Sachs reaffirming a "buy" rating at a $120.00 target.
• In its last quarterly earnings report, Nebius Group reported a revenue of $105.10 million, exceeding analysts' expectations and posting a net margin of 99.34%.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price traded down 2.2% during mid-day trading on Thursday . The company traded as low as $122.02 and last traded at $123.04. 14,025,864 shares changed hands during mid-day trading, a decline of 0% from the average session volume of 14,078,608 shares. The stock had previously closed at $125.83.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Seaport Res Ptn raised Nebius Group to a "hold" rating in a research note on Monday, September 15th. Wall Street Zen raised Nebius Group from a "sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nebius Group in a research note on Tuesday. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $120.00 price target on shares of Nebius Group in a research note on Wednesday, September 17th. Finally, BWS Financial lifted their price target on Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Nebius Group currently has a consensus rating of "Buy" and a consensus target price of $91.20.

Nebius Group Stock Performance

The stock has a market cap of $29.01 billion, a PE ratio of -215.86 and a beta of 3.45. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average of $91.32 and a 200 day moving average of $56.93.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, topping 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 the consensus estimate of $95.60 million. Equities analysts predict that Nebius Group N.V. will post -1.1 EPS for the current fiscal 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. IFP Advisors Inc purchased a new stake in Nebius Group in the first quarter valued at $25,000. Signaturefd LLC raised its position in Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company's stock valued at $25,000 after purchasing an additional 250 shares during the period. SJS Investment Consulting Inc. purchased a new stake in Nebius Group in the second quarter valued at $31,000. First Horizon Advisors Inc. purchased a new stake in Nebius Group in the first quarter valued at $33,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Nebius Group in the first quarter valued at $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.