Nebius Group (NASDAQ:NBIS) Trading Down 7.9% - What's Next?

Key Points

• Nebius Group N.V. (NASDAQ:NBIS) shares dropped 7.9% in trading, reaching a low of $119.75.
• Analysts maintain a consensus rating of "Buy" for Nebius Group, with price targets ranging from $90.00 to $130.00.
• The company reported a net margin of 99.34% for its latest quarter, with earnings per share beating expectations by $0.03.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares traded down 7.9% during trading on Monday . The stock traded as low as $119.75 and last traded at $120.47. 17,010,775 shares were traded during mid-day trading, an increase of 19% from the average session volume of 14,248,032 shares. The stock had previously closed at $130.82.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. BWS Financial boosted their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Seaport Res Ptn raised shares of Nebius Group to a "hold" rating in a research report on Monday, September 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nebius Group in a research report on Tuesday, October 14th. Finally, Wall Street Zen raised shares of Nebius Group from a "sell" rating to a "hold" rating in a research report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Nebius Group presently has a consensus rating of "Buy" and a consensus target price of $91.20.

Nebius Group Trading Down 7.9%

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's 50 day simple moving average is $102.65 and its 200-day simple moving average is $65.70.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating 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 analyst estimates of $95.60 million. Research analysts expect that Nebius Group N.V. will post -1.1 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Orbis Allan Gray Ltd increased its stake in shares of Nebius Group by 12.4% during the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company's stock worth $976,681,000 after purchasing an additional 1,949,708 shares during the last quarter. Accel Leaders 4 Associates L.P. acquired a new position in shares of Nebius Group during the 1st quarter worth about $96,704,000. Invesco Ltd. increased its stake in shares of Nebius Group by 2.7% during the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company's stock worth $198,514,000 after purchasing an additional 92,710 shares during the last quarter. Fred Alger Management LLC acquired a new position in shares of Nebius Group during the 1st quarter worth about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new position in shares of Nebius Group during the 1st quarter worth about $46,822,000. 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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