Nebius Group (NASDAQ:NBIS) Stock Price Down 4.4% - Here's What Happened

Key Points

• Nebius Group (NASDAQ:NBIS) shares fell 4.4% to $68.90 during mid-day trading, with trading volume down 77% from the average daily volume.
• Analysts have a consensus rating of "Buy" for Nebius Group, with an average target price of $70.80, following upgrades from multiple financial institutions.
• The company reported a loss of ($0.44) EPS, missing estimates, and revenue of $47.60 million, significantly below the expected $95.60 million.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares were down 4.4% during mid-day trading on Friday . The company traded as low as $68.40 and last traded at $68.90. Approximately 2,962,179 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 12,733,563 shares. The stock had previously closed at $72.04.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NBIS shares. The Goldman Sachs Group assumed coverage on Nebius Group in a report on Monday, July 14th. They issued a "buy" rating and a $68.00 target price for the company. Arete assumed coverage on Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target on the stock. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. DA Davidson upped their price target on Nebius Group from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $70.80.

Nebius Group Trading Down 4.5%

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 firm has a 50-day moving average of $57.03 and a 200 day moving average of $40.74. The company has a market cap of $16.22 billion, a P/E ratio of -120.32 and a beta of 3.36.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its earnings results on Tuesday, September 2nd. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The company had revenue of $47.60 million during the quarter, compared to the consensus estimate of $95.60 million. On average, analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NBIS. IFP Advisors Inc bought a new position in Nebius Group in the first quarter worth approximately $25,000. Signaturefd LLC boosted its holdings in Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company's stock worth $25,000 after acquiring an additional 250 shares in the last quarter. SJS Investment Consulting Inc. bought a new position in Nebius Group in the second quarter worth approximately $31,000. First Horizon Advisors Inc. purchased a new stake in shares of Nebius Group in the first quarter worth approximately $33,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Nebius Group in the first quarter worth approximately $33,000. 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.

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