Nebius Group (NASDAQ:NBIS) Trading Down 1% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS)’s stock price dropped 1% during mid-day trading on Tuesday . The stock traded as low as $84.56 and last traded at $85.17. Approximately 5,762,803 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 14,860,252 shares. The stock had previously closed at $86.04.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NBIS. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nebius Group in a research note on Monday. CICC Research started coverage on shares of Nebius Group in a research note on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 target price on the stock. BWS Financial reaffirmed a “buy” rating and issued a $130.00 target price on shares of Nebius Group in a report on Thursday, November 13th. DA Davidson reiterated a “buy” rating and set a $150.00 target price on shares of Nebius Group in a research report on Wednesday, November 12th. Finally, Seaport Res Ptn upgraded shares of Nebius Group to a “hold” rating in a research report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nebius Group has an average rating of “Buy” and an average target price of $144.71.

Nebius Group Trading Down 1.0%

The stock has a market cap of $21.45 billion, a price-to-earnings ratio of -110.61 and a beta of 3.83. The firm has a fifty day simple moving average of $98.37 and a 200-day simple moving average of $83.16.

Institutional Trading of Nebius Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP acquired a new position in Nebius Group during the 3rd quarter valued at about $45,000. Grove Bank & Trust acquired a new stake in shares of Nebius Group during the 3rd quarter worth approximately $50,000. Signaturefd LLC raised its stake in shares of Nebius Group by 125.0% during the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after buying an additional 250 shares during the last quarter. SOA Wealth Advisors LLC. raised its stake in shares of Nebius Group by 38.5% during the third quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock worth $51,000 after buying an additional 125 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in Nebius Group in the third quarter valued at approximately $54,000. 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.