Nebius Group (NASDAQ:NBIS) Stock Price Down 2.7% - Time to Sell?

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) were down 2.7% during trading on Tuesday . The company traded as low as $49.00 and last traded at $50.93. Approximately 4,550,397 shares changed hands during trading, a decline of 60% from the average daily volume of 11,329,283 shares. The stock had previously closed at $52.37.

Analysts Set New Price Targets

Several analysts recently commented on the company. Northland Securities set a $47.00 target price on Nebius Group and gave the company an "outperform" rating in a report on Wednesday, May 21st. Wall Street Zen lowered Nebius Group from a "hold" rating to a "sell" rating in a report on Friday. Arete started coverage on Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price for the company. BWS Financial raised their price target on Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, Northland Capmk raised Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Nebius Group presently has a consensus rating of "Buy" and an average price target of $66.80.

Nebius Group Stock Performance

The firm has a market cap of $12.05 billion, a price-to-earnings ratio of -89.67 and a beta of 3.25. The business has a fifty day moving average of $45.41 and a two-hundred day moving average of $35.23.

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

Hedge Funds Weigh In On Nebius Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc acquired a new stake in Nebius Group in the first quarter worth $25,000. Signaturefd LLC boosted its holdings in Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company's stock worth $25,000 after buying an additional 250 shares during the period. SJS Investment Consulting Inc. bought a new position in Nebius Group in the 2nd quarter worth approximately $31,000. First Horizon Advisors Inc. bought a new stake in Nebius Group during the 1st quarter worth approximately $33,000. Finally, Banque Cantonale Vaudoise bought a new stake in Nebius Group during the 1st quarter worth approximately $33,000. 21.90% of the stock is owned by institutional investors.

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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