Nebius Group (NASDAQ:NBIS) Trading Down 5.4% - Time to Sell?

Key Points

• Nebius Group's stock price fell by 5.4%, trading as low as $94.63, with a significant increase in trading volume at 26,447,720 shares.
• Analysts have mixed ratings for Nebius Group, with a consensus rating of Buy and a range of price targets from $75.00 to $130.00, indicating varying market confidence.
• The company reported a quarterly earnings increase, with revenue exceeding expectations at $105.10 million and a net margin of 99.34%, despite a negative EPS of ($0.38).

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price dropped 5.4% on Wednesday . The stock traded as low as $94.63 and last traded at $98.62. Approximately 26,447,720 shares were traded during mid-day trading, an increase of 86% from the average daily volume of 14,217,326 shares. The stock had previously closed at $104.28.

Analyst Ratings Changes

NBIS has been the topic of several recent research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nebius Group in a report on Tuesday, October 14th. Wall Street Zen raised shares of Nebius Group from a "sell" rating to a "hold" rating in a research report on Tuesday, September 30th. The Goldman Sachs Group reissued a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. DA Davidson reaffirmed a "buy" rating and set a $75.00 price target on shares of Nebius Group in a report on Tuesday, September 9th. Finally, BWS Financial raised their price target on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $91.20.

Nebius Group Stock Performance

The firm's fifty day simple moving average is $94.72 and its 200 day simple moving average is $59.68. The company has a market capitalization of $23.25 billion, a price-to-earnings ratio of -173.02 and a beta of 3.45. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.03. The business had revenue of $105.10 million during the quarter, compared to analysts' expectations of $95.60 million. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. On average, sell-side analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current year.

Hedge Funds Weigh In On Nebius Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc acquired a new stake in Nebius Group during the first quarter worth $25,000. Signaturefd LLC lifted its position in Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company's stock worth $25,000 after buying an additional 250 shares in the last quarter. SJS Investment Consulting Inc. acquired a new position in Nebius Group during the 2nd quarter worth about $31,000. First Horizon Advisors Inc. acquired a new position in Nebius Group during the 1st quarter worth about $33,000. Finally, Banque Cantonale Vaudoise acquired a new position in Nebius Group during the 1st quarter worth about $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.