Nebius Group (NASDAQ:NBIS) Trading Down 7.8% - Time to Sell?

Key Points

• Nebius Group's stock fell by 7.8%, trading as low as $110.88, with a significant increase in volume at over 21 million shares, likely indicating some investor uncertainty.
• Analysts have mixed opinions on the stock, with two giving a Strong Buy rating, five assessing it as a Buy, and two as Hold, while the average target price is $91.20.
• The company reported a net revenue of $105.10 million for the last quarter, exceeding analyst estimates, and had a positive earnings per share (EPS) of ($0.38), beating expectations.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price traded down 7.8% on Friday . The stock traded as low as $110.88 and last traded at $113.44. 21,144,785 shares were traded during trading, an increase of 50% from the average session volume of 14,115,523 shares. The stock had previously closed at $123.04.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Seaport Res Ptn raised shares of Nebius Group to a "hold" rating in a research note on Monday, September 15th. BWS Financial boosted their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Nebius Group in a research note on Tuesday. Wall Street Zen raised shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Nebius Group currently has a consensus rating of "Buy" and an average target price of $91.20.

Nebius Group Stock Down 7.8%

The company's fifty day simple moving average is $92.47 and its 200-day simple moving average is $57.63. 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 firm has a market capitalization of $26.74 billion, a PE ratio of -199.02 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly 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 business had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. On average, analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current year.

Institutional Investors Weigh In On Nebius Group

Large investors have recently made changes to their positions in the stock. Scientech Research LLC purchased a new stake in shares of Nebius Group during the first quarter valued at $869,000. PFG Investments LLC purchased a new stake in shares of Nebius Group during the first quarter valued at $860,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Nebius Group during the first quarter valued at $8,519,000. Colonial River Investments LLC purchased a new stake in shares of Nebius Group during the first quarter valued at $330,000. Finally, Hardy Reed LLC purchased a new stake in shares of Nebius Group during the second quarter valued at $365,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

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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