Nebius Group (NASDAQ:NBIS) Shares Gap Down – Time to Sell?

Nebius Group N.V. (NASDAQ:NBIS) gapped down before the market opened on Friday . The stock had previously closed at $218.48, but opened at $211.96. Nebius Group shares last traded at $210.35, with a volume of 2,185,537 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Zacks Research downgraded shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Freedom Capital raised Nebius Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. DA Davidson reiterated a “neutral” rating and issued a $175.00 price target on shares of Nebius Group in a research note on Thursday, August 13th. Bank of America boosted their price target on Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Finally, Wall Street Zen raised Nebius Group from a “strong sell” rating to a “sell” rating in a research note on Sunday, August 16th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $226.00.

Nebius Group Stock Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.03 and a current ratio of 4.03. The firm has a market cap of $53.03 billion, a P/E ratio of -6,984.34 and a beta of 4.23. The company’s 50 day moving average is $219.50 and its 200 day moving average is $177.45.

Nebius Group (NASDAQ:NBIS) last posted its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.55. The firm had revenue of $582.30 million for the quarter, compared to analysts’ expectations of $567.91 million. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The company’s revenue was up 454% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.38 earnings per share. As a group, equities analysts predict that Nebius Group N.V. will post -3.76 earnings per share for the current fiscal year.

Insider Activity at Nebius Group

In related news, Director John Wilson Iv Boynton sold 5,296 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $270.99, for a total transaction of $1,435,163.04. Following the sale, the director owned 415,844 shares in the company, valued at $112,689,565.56. The trade was a 1.26% decrease in their position. 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 46,627 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $10,978,327.15. Following the sale, the chief executive officer owned 821,662 shares in the company, valued at $193,460,317.90. This represents a 5.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 186,506 shares of company stock worth $46,264,387 over the last 90 days.

Institutional Trading of Nebius Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allied Private Wealth LLC acquired a new position in shares of Nebius Group in the second quarter valued at approximately $25,000. Sarver Vrooman Wealth Advisors bought a new stake in Nebius Group during the 2nd quarter worth approximately $28,000. GoalVest Advisory LLC acquired a new position in Nebius Group in the 2nd quarter valued at approximately $28,000. N.E.W. Advisory Services LLC increased its position in Nebius Group by 76.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 176 shares of the company’s stock valued at $49,000 after acquiring an additional 76 shares during the period. Finally, Continuum Advisory LLC bought a new position in shares of Nebius Group during the second quarter valued at $52,000. 21.90% of the stock is currently owned by 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.