Nebius Group (NASDAQ:NBIS) Stock Price Down 3.3% - Here's Why

Key Points

• Shares fell 3.3% intraday to about $101.98 (low $99.38) on volume of 10.38M shares, roughly 14% below its average session volume.
• Analyst consensus is "Buy" with an average price target of $144.71, though recent reports vary from a Wall Street Zen downgrade to "sell" up to Citizens Jmp's $175 target and several other buy ratings (e.g., Goldman $120, DA Davidson $150).
• Nebius is an AI-focused cloud and GenAI services provider (Nebius AI, Toloka AI) with a $25.68B market cap, a negative P/E (-132.44) and a high beta (4.00), indicating elevated volatility.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price fell 3.3% on Wednesday . The stock traded as low as $99.38 and last traded at $101.98. 10,378,525 shares were traded during mid-day trading, a decline of 14% from the average session volume of 12,104,413 shares. The stock had previously closed at $105.43.

Wall Street Analysts Forecast Growth

NBIS has been the topic of several recent research reports. Wall Street Zen downgraded Nebius Group from a "hold" rating to a "sell" rating in a report on Saturday, November 15th. Citizens Jmp assumed coverage on Nebius Group in a research report on Wednesday, November 19th. They set a "market outperform" rating and a $175.00 price objective for the company. The Goldman Sachs Group reiterated a "buy" rating and issued a $120.00 target price on shares of Nebius Group in a report on Wednesday, September 17th. BWS Financial reissued a "buy" rating and set a $130.00 target price on shares of Nebius Group in a research report on Thursday, November 13th. Finally, DA Davidson restated a "buy" rating and set a $150.00 price target on shares of Nebius Group in a report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $144.71.

Nebius Group Trading Down 3.3%

The firm's 50-day moving average price is $93.48 and its 200 day moving average price is $86.67. The company has a market cap of $25.68 billion, a price-to-earnings ratio of -132.44 and a beta of 4.00.

Hedge Funds Weigh In On Nebius Group

Several institutional investors have recently made changes to their positions in NBIS. Armstrong Advisory Group Inc. grew its stake in shares of Nebius Group by 500.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company's stock valued at $30,000 after buying an additional 300 shares during the period. Western Pacific Wealth Management LP bought a new position in Nebius Group in the third quarter worth approximately $45,000. Grove Bank & Trust acquired a new stake in Nebius Group in the third quarter valued at approximately $50,000. Signaturefd LLC increased its holdings in shares of Nebius Group by 125.0% during the second quarter. Signaturefd LLC now owns 450 shares of the company's stock valued at $25,000 after acquiring an additional 250 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its holdings in shares of Nebius Group by 38.5% during the third quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company's stock valued at $51,000 after acquiring an additional 125 shares in the last quarter. Institutional investors and hedge funds 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.

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