Nebius Group (NASDAQ:NBIS) Trading Down 6.4% – What’s Next?

Shares of Nebius Group N.V. (NASDAQ:NBIS) fell 6.4% during mid-day trading on Friday . The company traded as low as $234.40 and last traded at $240.30. 12,976,720 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 16,290,922 shares. The stock had previously closed at $256.63.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings upgraded Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Citigroup raised their price objective on Nebius Group from $169.00 to $287.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Wolfe Research began coverage on Nebius Group in a research note on Thursday, April 16th. They set a “peer perform” rating for the company. DA Davidson lowered Nebius Group from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $200.00 to $250.00 in a report on Monday, May 18th. Finally, Wall Street Zen upgraded Nebius Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $203.25.

Nebius Group Stock Performance

The firm has a market cap of $60.80 billion, a price-to-earnings ratio of 77.52 and a beta of 4.03. The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16. The stock’s 50 day moving average is $210.15 and its 200 day moving average is $139.05.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.54. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The company had revenue of $399.00 million during the quarter, compared to analysts’ expectations of $375.13 million. The company’s quarterly revenue was up 684.0% on a year-over-year basis. Analysts anticipate that Nebius Group N.V. will post -1.91 earnings per share for the current year.

Insider Buying and Selling at Nebius Group

In related news, CFO Sanchez Maria Del Dado Alonso sold 1,509 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total value of $416,785.80. Following the completion of the sale, the chief financial officer directly owned 12,672 shares in the company, valued at $3,500,006.40. The trade was a 10.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Boaz Tal sold 5,100 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $199.39, for a total value of $1,016,889.00. Following the completion of the transaction, the general counsel directly owned 80,754 shares in the company, valued at approximately $16,101,540.06. This represents a 5.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 700,710 shares of company stock worth $132,153,501 in the last 90 days.

Hedge Funds Weigh In On Nebius Group

Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Nebius Group by 34,371.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,762 shares of the company’s stock valued at $7,848,000 after purchasing an additional 93,490 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Nebius Group during the fourth quarter worth $24,756,000. Nordea Investment Management AB bought a new stake in shares of Nebius Group during the fourth quarter worth $1,401,000. Geode Capital Management LLC increased its holdings in shares of Nebius Group by 1,095.7% during the fourth quarter. Geode Capital Management LLC now owns 2,046,799 shares of the company’s stock worth $169,840,000 after buying an additional 1,875,612 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of Nebius Group during the fourth quarter worth $8,111,000. 21.90% of the stock is owned by institutional investors.

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.