Nebius Group (NASDAQ:NBIS) Stock Price Down 4.7% - Here's What Happened

Key Points

• Nebius Group's stock price dropped 4.7%, closing at $107.94 after trading as low as $105.88, with a significant increase in trading volume compared to averages.
• Multiple analysts have provided mixed ratings, with BWS Financial raising its price target to $130.00, while Wall Street Zen downgraded the stock to a "sell" rating.
• The company reported better-than-expected earnings, with a net margin of 99.34% and revenues of $105.10 million for the quarter, surpassing analyst expectations.

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) fell 4.7% during trading on Thursday . The company traded as low as $105.88 and last traded at $107.94. 19,566,484 shares changed hands during trading, an increase of 42% from the average session volume of 13,812,596 shares. The stock had previously closed at $113.23.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NBIS. BWS Financial upped their price target on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. The Goldman Sachs Group restated a "buy" rating and set a $120.00 price target on shares of Nebius Group in a research note on Wednesday, September 17th. Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research note on Monday, September 15th. Wall Street Zen cut shares of Nebius Group from a "hold" rating to a "sell" rating in a research note on Monday. Finally, Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Nebius Group currently has an average rating of "Buy" and an average target price of $91.20.

Nebius Group Stock Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The company has a market cap of $25.45 billion, a PE ratio of -189.37 and a beta of 3.55. The business's 50-day moving average is $70.65 and its 200 day moving average is $47.10.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The firm had revenue of $105.10 million for the quarter, compared to analysts' expectations of $95.60 million. On average, equities research 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 large investors have recently added to or reduced their stakes in NBIS. Orbis Allan Gray Ltd bought a new stake in Nebius Group in the 1st quarter worth $331,474,000. Accel Leaders 4 Associates L.P. bought a new stake in shares of Nebius Group during the 1st quarter valued at about $96,704,000. Invesco Ltd. bought a new stake in shares of Nebius Group during the 1st quarter valued at about $73,782,000. Fred Alger Management LLC bought a new stake in shares of Nebius Group during the 1st quarter valued at about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new stake in shares of Nebius Group during the 1st quarter valued at about $46,822,000. 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.

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