Nebius Group (NASDAQ:NBIS) Stock Price Down 11% – Time to Sell?

Shares of Nebius Group N.V. (NASDAQ:NBIS) were down 11% on Thursday . The company traded as low as $84.21 and last traded at $84.64. Approximately 34,502,570 shares were traded during trading, an increase of 130% from the average daily volume of 14,986,527 shares. The stock had previously closed at $95.07.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NBIS. Northland Securities raised their price objective on shares of Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Wall Street Zen lowered Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. DA Davidson reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Nebius Group in a research report on Wednesday, November 12th. Seaport Res Ptn upgraded Nebius Group to a “hold” rating in a research note on Monday, September 15th. Finally, BWS Financial reiterated a “buy” rating and set a $130.00 price objective on shares of Nebius Group in a research note on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $144.71.

Nebius Group Trading Down 11.0%

The company has a market cap of $19.95 billion, a price-to-earnings ratio of -109.92 and a beta of 3.29. The company’s 50-day moving average is $110.34 and its 200 day moving average is $72.53. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NBIS. Oppenheimer Asset Management Inc. boosted its holdings in Nebius Group by 186.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock valued at $1,652,000 after purchasing an additional 19,424 shares during the period. Scientech Research LLC purchased a new stake in shares of Nebius Group during the 1st quarter worth approximately $869,000. MGO One Seven LLC acquired a new position in Nebius Group in the second quarter valued at $255,000. Hardy Reed LLC acquired a new stake in shares of Nebius Group in the 2nd quarter valued at about $365,000. Finally, Jump Financial LLC purchased a new position in shares of Nebius Group during the first quarter worth approximately $10,362,000. Institutional investors and hedge funds 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.