Nebius Group (NASDAQ:NBIS) Shares Down 7.8% – Time to Sell?

Nebius Group N.V. (NASDAQ:NBIS) shares fell 7.8% on Friday . The company traded as low as $110.88 and last traded at $113.44. 21,144,785 shares traded hands during mid-day trading, an increase of 50% from the average session volume of 14,115,523 shares. The stock had previously closed at $123.04.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NBIS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nebius Group in a research note on Tuesday, October 14th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $120.00 target price on shares of Nebius Group in a research note on Wednesday, September 17th. BWS Financial lifted their target price on Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. DA Davidson reaffirmed a “buy” rating and set a $75.00 target price on shares of Nebius Group in a research note on Tuesday, September 9th. Finally, Wall Street Zen raised Nebius Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 30th. 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. According to data from MarketBeat, Nebius Group currently has a consensus rating of “Buy” and a consensus price target of $91.20.

Nebius Group Trading Down 7.8%

The firm has a market capitalization of $26.74 billion, a price-to-earnings ratio of -199.02 and a beta of 3.45. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average price of $93.37 and a 200-day moving average price of $58.49.

Nebius Group (NASDAQ:NBIS) last announced 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. The business had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%. On average, equities research analysts predict that Nebius Group N.V. will post -1.1 EPS for the current year.

Institutional Investors Weigh In On Nebius Group

Several institutional investors have recently made changes to their positions in NBIS. IFP Advisors Inc acquired a new stake in shares of Nebius Group during the 1st quarter valued at about $25,000. Signaturefd LLC lifted its holdings in Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares during the last quarter. SJS Investment Consulting Inc. acquired a new stake in Nebius Group in the 2nd quarter worth approximately $31,000. First Horizon Advisors Inc. acquired a new stake in Nebius Group in the 1st quarter worth approximately $33,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Nebius Group in the 1st quarter worth approximately $33,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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.