Nebius Group N.V. (NASDAQ:NBIS – Get Free Report) shares fell 6.4% during mid-day trading on Friday . The company traded as low as $234.40 and last traded at $240.30. Approximately 12,976,720 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 16,290,922 shares. The stock had previously closed at $256.63.
Analyst Ratings Changes
A number of analysts have recently commented on NBIS shares. Weiss Ratings raised Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Wall Street Zen raised Nebius Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. BNP Paribas Exane assumed coverage on shares of Nebius Group in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 price objective for the company. Freedom Capital downgraded shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Citizens Jmp lifted their target price on shares of Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $203.25.
Get Our Latest Analysis on Nebius Group
Nebius Group Stock Performance
Nebius Group (NASDAQ:NBIS – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.77) by $0.54. The firm had revenue of $399.00 million for the quarter, compared to analyst estimates of $375.13 million. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The company’s revenue for the quarter was up 684.0% compared to the same quarter last year. On average, equities analysts anticipate that Nebius Group N.V. will post -1.91 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CTO Danila Shtan sold 15,678 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $238.96, for a total value of $3,746,414.88. Following the sale, the chief technology officer directly owned 291,700 shares in the company, valued at $69,704,632. This represents a 5.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Arkadiy Volozh sold 33,358 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $103.73, for a total transaction of $3,460,225.34. Following the sale, the chief executive officer directly owned 868,289 shares of the company’s stock, valued at $90,067,617.97. This represents a 3.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 700,710 shares of company stock valued at $132,153,501 over the last 90 days.
Institutional Investors Weigh In On Nebius Group
Several large investors have recently modified their holdings of the company. Parkside Financial Bank & Trust acquired a new position in Nebius Group in the fourth quarter valued at $25,000. Root Financial Partners LLC acquired a new stake in Nebius Group during the 4th quarter worth about $26,000. SHP Wealth Management bought a new position in shares of Nebius Group in the 4th quarter worth about $26,000. Sound Income Strategies LLC lifted its stake in shares of Nebius Group by 62.5% in the 1st quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Nebius Group by 73.8% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $28,000 after purchasing an additional 141 shares during the period. 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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