Nebius Group (NASDAQ:NBIS) Trading Down 4.9% - Time to Sell?

Key Points

• Nebius Group's shares fell by 4.9%, dropping to $88.84 after closing at $93.39, with trading volume significantly higher than average.
• Despite recent declines, multiple brokerages maintain optimistic views, with price targets ranging from $47 to $130 and an overall average rating of "Buy."
• The company's latest quarterly earnings beat analyst expectations, reporting revenue of $105.1 million and an earnings per share (EPS) of -$0.38.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares fell 4.9% on Thursday . The company traded as low as $89.01 and last traded at $88.84. 32,833,300 shares traded hands during mid-day trading, an increase of 145% from the average session volume of 13,414,894 shares. The stock had previously closed at $93.39.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NBIS. Arete began coverage on shares of Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target for the company. DA Davidson reissued a "buy" rating and issued a $75.00 price target on shares of Nebius Group in a research report on Tuesday. Northland Securities set a $47.00 price target on shares of Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. BWS Financial boosted their price target on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Wall Street Zen cut shares of Nebius Group from a "hold" rating to a "sell" rating in a research report on Saturday, September 6th. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $80.80.

Nebius Group Trading Down 4.5%

The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. The company has a market capitalization of $21.03 billion, a price-to-earnings ratio of -156.47 and a beta of 3.55. The business's 50 day simple moving average is $60.96 and its 200 day simple moving average is $42.54.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.03. The business had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. Research analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NBIS. IFP Advisors Inc acquired a new position in Nebius Group in the first quarter valued at $25,000. Signaturefd LLC boosted its holdings in shares of Nebius Group by 125.0% in 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. SJS Investment Consulting Inc. purchased a new stake in shares of Nebius Group in the second quarter valued at about $31,000. First Horizon Advisors Inc. purchased a new stake in shares of Nebius Group in the first quarter valued at about $33,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Nebius Group in the first quarter valued at about $33,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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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