Nebius Group (NASDAQ:NBIS) Trading Down 2.7% - Should You Sell?

Key Points

• Nebius Group's stock fell by 2.7% during trading, with shares trading as low as $51.15 and experiencing a 59% decline in average session volume.
• Despite the recent decline, Wall Street analysts maintain a consensus rating of "Buy" for the stock, with an average target price of $66.80.
• Nebius Group reported a significant year-over-year revenue increase of 385%, with recent earnings showing a loss of ($0.48) per share.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price dropped 2.7% on Tuesday . The company traded as low as $51.15 and last traded at $51.33. Approximately 5,201,928 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 12,653,783 shares. The stock had previously closed at $52.75.

Wall Street Analysts Forecast Growth

NBIS has been the subject of a number of recent analyst reports. Northland Securities set a $47.00 price objective on Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. DA Davidson raised their price objective on Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Northland Capmk raised Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Wall Street Zen cut Nebius Group from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Finally, The Goldman Sachs Group initiated coverage on Nebius Group in a report on Monday, July 14th. They set a "buy" rating and a $68.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $66.80.

Nebius Group Stock Down 4.5%

The stock has a market cap of $12.26 billion, a PE ratio of -91.23 and a beta of 3.25. The business has a 50 day moving average price of $48.14 and a 200 day moving average price of $36.43.

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

Hedge Funds Weigh In On Nebius Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Orbis Allan Gray Ltd purchased a new stake in shares of Nebius Group during the first quarter worth approximately $331,474,000. Accel Leaders 4 Associates L.P. acquired a new stake in Nebius Group during the first quarter worth $96,704,000. Invesco Ltd. acquired a new stake in Nebius Group during the first quarter worth $73,782,000. Fred Alger Management LLC acquired a new stake in Nebius Group during the first quarter worth $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in Nebius Group in the first quarter valued at 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.