Nebius Group (NASDAQ:NBIS) Stock Price Down 12.7% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS) dropped 12.7% during trading on Wednesday . The company traded as low as $145.80 and last traded at $148.22. Approximately 38,549,205 shares were traded during mid-day trading, an increase of 128% from the average daily volume of 16,886,768 shares. The stock had previously closed at $169.69.

Key Headlines Impacting Nebius Group

Here are the key news stories impacting Nebius Group this week:

• Positive Sentiment: A Vera Rubin compute rack has gone live at Nebius’ data center in Mäntsälä, Finland, providing a tangible milestone for the company’s next-generation AI infrastructure rollout. Nebius stock soars on achieving an incremental milestone
• Positive Sentiment: Nebius’ approximately $775 million senior secured debt facility, backed by deployed GPU infrastructure and contracted cash flows, may allow the company to fund additional AI capacity while limiting near-term equity dilution. The facility was reportedly oversubscribed and supports a repeatable asset-financing strategy. Nebius AI capital efficiency and debt facility
• Positive Sentiment: Optimism about AI infrastructure demand was reinforced by major technology companies’ continued spending plans. Reports that Meta could commit as much as $62 billion to capacity from CoreWeave and Nebius highlighted the potential scale of future customer demand, although Meta could eventually become a competitor. Meta could spend $62 billion with CoreWeave and Nebius
• Positive Sentiment: The stock participated in a sector-wide snapback as investors viewed forced selling and margin-related liquidation in AI names as an opportunity to re-enter the trade. Nebius and AI cloud stocks snap back

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of Nebius Group from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Bank of America upped their price target on Nebius Group from $240.00 to $280.00 and gave the company a “buy” rating in a report on Monday, June 8th. Freedom Capital upgraded Nebius Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Morgan Stanley raised their price objective on Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings upgraded Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $222.15.

Nebius Group Stock Up 0.3%

The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $47.82 billion, a PE ratio of 60.65 and a beta of 4.10. The business’s 50 day simple moving average is $225.99 and its 200 day simple moving average is $159.67.

Nebius Group (NASDAQ:NBIS) last announced its earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.81) by $0.58. The company had revenue of $399.00 million during the quarter, compared to analysts’ expectations of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The firm’s revenue was up 684.0% on a year-over-year basis. As a group, analysts forecast that Nebius Group N.V. will post -1.91 EPS for the current year.

Insiders Place Their Bets

In other Nebius Group news, Director John Wilson Iv Boynton sold 5,812 shares of Nebius Group stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $253.29, for a total transaction of $1,472,121.48. Following the transaction, the director directly owned 378,665 shares in the company, valued at approximately $95,912,057.85. The trade was a 1.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 shares were sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the sale, the chief executive officer directly owned 821,662 shares in the company, valued at approximately $193,460,317.90. This trade represents a 5.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 668,405 shares of company stock worth $140,422,170 in the last quarter.

Institutional Trading of Nebius Group

A number of hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 period. Sumitomo Mitsui Trust Group Inc. purchased a new position in Nebius Group during the fourth quarter valued at approximately $24,756,000. Lombard Odier Asset Management Switzerland SA purchased a new position in Nebius Group during the first quarter valued at approximately $1,087,000. Geode Capital Management LLC increased its stake in Nebius Group by 1,095.7% in the 4th quarter. Geode Capital Management LLC now owns 2,046,799 shares of the company’s stock valued at $169,840,000 after buying an additional 1,875,612 shares during the period. Finally, HB Wealth Management LLC acquired a new position in Nebius Group in the 1st quarter valued at approximately $735,000. Hedge funds and other 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.