Nebius Group (NASDAQ:NBIS) Trading Down 10.2% - Here's Why

Key Points

• Shares fell 10.2% on Friday to $85.19 (intraday low $84.12) on about 18.07 million shares traded, roughly 40% above the stock's average daily volume and down from a prior close of $94.91.
• Analysts hold a "Moderate Buy" consensus with a mean price target of $142.38, but coverage is mixed — several buy/outperform ratings and targets well above the current price alongside at least one sell downgrade.
• Nebius is an AI/cloud company (Nebius AI, Toloka AI) with a market cap of $21.45 billion, a negative P/E of -110.64 and a high beta (4.00), signaling elevated volatility despite its growth-focused business.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares dropped 10.2% during trading on Friday . The company traded as low as $84.12 and last traded at $85.19. Approximately 18,069,885 shares were traded during trading, an increase of 40% from the average daily volume of 12,930,465 shares. The stock had previously closed at $94.91.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. DA Davidson reaffirmed a "buy" rating and set a $150.00 price target on shares of Nebius Group in a research report on Wednesday, November 12th. Northland Securities lifted their target price on shares of Nebius Group from $206.00 to $211.00 and gave the company an "outperform" rating in a report on Wednesday, November 12th. Weiss Ratings downgraded shares of Nebius Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, January 15th. CICC Research initiated coverage on shares of Nebius Group in a research report on Tuesday, November 11th. They set an "outperform" rating and a $143.00 price objective on the stock. Finally, Citizens Jmp initiated coverage on shares of Nebius Group in a research note on Wednesday, November 19th. They issued a "market outperform" rating and a $175.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $142.38.

Nebius Group Trading Down 10.2%

The stock's 50 day moving average is $93.97 and its 200 day moving average is $90.39. The stock has a market capitalization of $21.45 billion, a price-to-earnings ratio of -110.64 and a beta of 4.00.

Hedge Funds Weigh In On Nebius Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. State of New Jersey Common Pension Fund D purchased a new stake in shares of Nebius Group in the fourth quarter worth about $8,111,000. Keybank National Association OH boosted its stake in shares of Nebius Group by 5.7% in the fourth quarter. Keybank National Association OH now owns 2,584 shares of the company's stock valued at $216,000 after purchasing an additional 140 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Nebius Group in the 4th quarter valued at about $9,002,000. D.A. Davidson & CO. grew its stake in Nebius Group by 37.2% during the 4th quarter. D.A. Davidson & CO. now owns 2,810 shares of the company's stock valued at $235,000 after purchasing an additional 762 shares in the last quarter. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of Nebius Group during the fourth quarter worth approximately $48,328,000. 21.90% of the stock is owned by institutional investors and hedge funds.

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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