Nebius Group (NASDAQ:NBIS) Shares Down 4.3% - What's Next?

Key Points

• Nebius Group shares fell 4.3% to $209.18 in heavy trading, though volume was 28% below the stock’s average daily level.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $226; recent targets range from $175 to $340.
• The company exceeded quarterly expectations, reporting a loss of $0.12 per share versus estimates of $0.67 and revenue of $582.3 million, up 454% year over year. However, insiders have sold 186,506 shares worth about $46.3 million over the past three months.

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) were down 4.3% during trading on Friday . The company traded as low as $205.48 and last traded at $209.18. 12,967,585 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 18,053,576 shares. The stock had previously closed at $218.48.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Bank of America upped their price objective on Nebius Group from $240.00 to $280.00 and gave the company a "buy" rating in a research report on Monday, June 8th. Citizens Jmp increased their price objective on Nebius Group from $175.00 to $270.00 and gave the stock a "market outperform" rating in a research note on Thursday, May 14th. DA Davidson reiterated a "neutral" rating and issued a $175.00 target price on shares of Nebius Group in a research note on Thursday, August 13th. Wall Street Zen raised shares of Nebius Group from a "strong sell" rating to a "sell" rating in a report on Sunday, August 16th. Finally, Robert W. Baird lifted their price target on shares of Nebius Group from $250.00 to $340.00 and gave the company an "outperform" rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Nebius Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $226.00.

Nebius Group Stock Down 4.3%

The firm has a market capitalization of $52.93 billion, a P/E ratio of -6,970.34 and a beta of 4.23. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.03 and a current ratio of 4.03. The stock has a fifty day moving average price of $219.50 and a two-hundred day moving average price of $177.45.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.67) by $0.55. The company had revenue of $582.30 million during the quarter, compared to analyst estimates of $567.91 million. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The business's quarterly revenue was up 454% on a year-over-year basis. During the same period in the prior year, the firm earned $2.38 earnings per share. Research analysts forecast that Nebius Group N.V. will post -3.76 EPS for the current year.

Insider Activity

In other Nebius Group news, Director Charles E. Ryan sold 50,000 shares of Nebius Group stock in a transaction on Friday, August 14th. The shares were sold at an average price of $265.53, for a total transaction of $13,276,500.00. Following the completion of the transaction, the director directly owned 272,533 shares of the company's stock, valued at $72,365,687.49. The trade was a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Marc Boroditsky sold 10,776 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $276.20, for a total transaction of $2,976,331.20. Following the transaction, the executive owned 26,886 shares of the company's stock, valued at approximately $7,425,913.20. This represents a 28.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 186,506 shares of company stock worth $46,264,387.

Institutional Investors Weigh In On Nebius Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System grew its position in shares of Nebius Group by 23,011.0% in the 2nd quarter. California State Teachers Retirement System now owns 62,163,381 shares of the company's stock worth $17,167,661,000 after buying an additional 61,894,404 shares during the period. Situational Awareness LP purchased a new position in shares of Nebius Group during the second quarter valued at approximately $1,232,895,000. Accel Leaders 4 Associates L.P. purchased a new position in Nebius Group during the 2nd quarter worth $1,012,097,322. State Street Corp lifted its stake in shares of Nebius Group by 2,391.3% during the 4th quarter. State Street Corp now owns 3,219,326 shares of the company's stock worth $269,474,000 after purchasing an additional 3,090,103 shares during the last quarter. Finally, Capital Research Global Investors purchased a new position in shares of Nebius Group in the 4th quarter valued at approximately $231,635,000. 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.

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