Nebius Group (NASDAQ:NBIS) Shares Gap Down – Should You Sell?

Shares of Nebius Group N.V. (NASDAQ:NBIS) gapped down before the market opened on Tuesday . The stock had previously closed at $93.23, but opened at $90.31. Nebius Group shares last traded at $90.5470, with a volume of 1,026,780 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NBIS shares. The Goldman Sachs Group restated a “buy” rating and issued a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. Northland Securities raised their price objective on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. 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 objective on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nebius Group in a report on Monday. Finally, Seaport Res Ptn raised Nebius Group to a “hold” rating in a research note on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $144.71.

Nebius Group Trading Up 1.3%

The firm has a 50-day moving average of $99.99 and a 200 day moving average of $82.17. The company has a market cap of $22.96 billion, a P/E ratio of -118.42 and a beta of 3.83.

Institutional Trading of Nebius Group

Several hedge funds have recently modified their holdings of NBIS. Harbor Advisors LLC boosted its stake in Nebius Group by 0.4% during the third quarter. Harbor Advisors LLC now owns 27,600 shares of the company’s stock worth $3,099,000 after acquiring an additional 100 shares in the last quarter. SOA Wealth Advisors LLC. raised its holdings in shares of Nebius Group by 38.5% during the third quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock valued at $51,000 after purchasing an additional 125 shares during the period. SlateStone Wealth LLC raised its holdings in shares of Nebius Group by 2.0% during the third quarter. SlateStone Wealth LLC now owns 10,200 shares of the company’s stock valued at $1,145,000 after purchasing an additional 200 shares during the period. Lodestar Private Asset Management LLC boosted its position in shares of Nebius Group by 4.7% during the 3rd quarter. Lodestar Private Asset Management LLC now owns 4,838 shares of the company’s stock worth $543,000 after purchasing an additional 217 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Nebius Group by 2.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,613 shares of the company’s stock valued at $532,000 after buying an additional 231 shares during the period. Institutional investors own 21.90% of the company’s stock.

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.