Nebius Group (NASDAQ:NBIS) Stock Price Down 2% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) shares traded down 2% during mid-day trading on Thursday . The stock traded as low as $96.50 and last traded at $96.85. 10,140,482 shares changed hands during trading, a decline of 21% from the average session volume of 12,776,196 shares. The stock had previously closed at $98.87.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Nebius Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. BWS Financial reaffirmed a “buy” rating and set a $130.00 target price on shares of Nebius Group in a report on Thursday, November 13th. Citizens Jmp assumed coverage on Nebius Group in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 price target on the stock. Morgan Stanley initiated coverage on Nebius Group in a research report on Thursday, January 15th. They set an “equal weight” rating and a $126.00 price objective for the company. Finally, DA Davidson restated a “buy” rating and set a $150.00 price objective on shares of Nebius Group in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $142.38.

Nebius Group Stock Down 2.0%

The firm has a market capitalization of $24.39 billion, a price-to-earnings ratio of -125.78 and a beta of 4.00. The company has a 50-day moving average price of $93.02 and a 200-day moving average price of $88.62.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. increased its stake in Nebius Group by 186.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock valued at $1,652,000 after buying an additional 19,424 shares during the period. Invesco Ltd. increased its stake in shares of Nebius Group by 2.7% during the second quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock valued at $198,514,000 after acquiring an additional 92,710 shares during the period. MGO One Seven LLC bought a new stake in Nebius Group during the second quarter worth approximately $255,000. Salem Investment Counselors Inc. lifted its position in Nebius Group by 2,272.7% in the third quarter. Salem Investment Counselors Inc. now owns 26,930 shares of the company’s stock worth $3,023,000 after purchasing an additional 25,795 shares during the period. Finally, Hardy Reed LLC acquired a new position in shares of Nebius Group during the 2nd quarter valued at $365,000. 21.90% of the stock is 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.