Nebius Group (NASDAQ:NBIS) Shares Down 6.3% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS) shares dropped 6.3% on Friday . The stock traded as low as $145.81 and last traded at $147.16. Approximately 18,125,345 shares changed hands during trading, an increase of 18% from the average daily volume of 15,349,434 shares. The stock had previously closed at $157.08.

Wall Street Analysts Forecast Growth

NBIS has been the topic of several research reports. Morgan Stanley initiated coverage on shares of Nebius Group in a report on Thursday, January 15th. They set an “equal weight” rating and a $126.00 price objective on the stock. Cantor Fitzgerald initiated coverage on shares of Nebius Group in a report on Thursday, April 9th. They set an “overweight” rating and a $129.00 price objective on the stock. DA Davidson upped their price objective on shares of Nebius Group from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Nebius Group in a report on Tuesday, April 14th. Finally, Wolfe Research started coverage on shares of Nebius Group in a report on Thursday, April 16th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $154.75.

Nebius Group Stock Performance

The company’s fifty day moving average price is $116.65 and its 200 day moving average price is $105.69. The company has a market cap of $37.06 billion, a PE ratio of -100.79 and a beta of 4.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 6.57.

Nebius Group (NASDAQ:NBIS) last announced its earnings results on Thursday, February 12th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.42) by ($0.27). The firm had revenue of $227.70 million during the quarter, compared to analysts’ expectations of $246.05 million. Nebius Group had a net margin of 19.02% and a negative return on equity of 11.70%. On average, equities research analysts predict that Nebius Group N.V. will post -2.44 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Elena Bunina sold 6,250 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $161.22, for a total transaction of $1,007,625.00. Following the completion of the transaction, the director owned 38,367 shares in the company, valued at approximately $6,185,527.74. This represents a 14.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrey Korolenko sold 31,357 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $111.20, for a total transaction of $3,486,898.40. Following the completion of the transaction, the insider owned 585,209 shares in the company, valued at approximately $65,075,240.80. The trade was a 5.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 129,740 shares of company stock valued at $14,672,401 over the last 90 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NBIS. Parkside Financial Bank & Trust purchased a new position in Nebius Group in the fourth quarter valued at about $25,000. Root Financial Partners LLC purchased a new position in Nebius Group in the fourth quarter valued at about $26,000. SHP Wealth Management purchased a new position in Nebius Group in the fourth quarter valued at about $26,000. Blue Trust Inc. boosted its stake in Nebius Group by 73.8% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $28,000 after acquiring an additional 141 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its stake in Nebius Group by 500.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares during the last quarter. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

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.