Nebius Group (NASDAQ:NBIS) Stock Price Down 8.2% – Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price fell 8.2% on Tuesday . The stock traded as low as $109.00 and last traded at $110.54. 17,345,800 shares traded hands during trading, an increase of 22% from the average session volume of 14,258,742 shares. The stock had previously closed at $120.47.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NBIS. BWS Financial lifted their price target on Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Seaport Res Ptn upgraded Nebius Group to a “hold” rating in a research note on Monday, September 15th. Wall Street Zen upgraded Nebius Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 30th. DA Davidson restated a “buy” rating and set a $75.00 price objective on shares of Nebius Group in a research note on Tuesday, September 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nebius Group in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Nebius Group has an average rating of “Buy” and an average price target of $91.20.

Nebius Group Stock Performance

The company has a 50 day moving average price of $103.66 and a 200-day moving average price of $66.40. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS) 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 return on equity of 6.14% and a net margin of 99.34%.The company had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. Equities research analysts expect that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Institutional Investors Weigh In On Nebius Group

A number of hedge funds and other institutional investors have recently bought and sold shares of NBIS. IFP Advisors Inc bought a new stake in Nebius Group during the 1st quarter worth $25,000. Signaturefd LLC grew 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 acquiring an additional 250 shares during the last quarter. SJS Investment Consulting Inc. bought a new stake in Nebius Group during the 2nd quarter worth $31,000. First Horizon Advisors Inc. bought a new stake in Nebius Group during the 1st quarter worth $33,000. Finally, Banque Cantonale Vaudoise bought a new stake in Nebius Group during the 1st quarter worth $33,000. Institutional investors own 21.90% of the company’s stock.

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.