Nebius Group (NASDAQ:NBIS) Shares Down 1.6% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS)’s stock price traded down 1.6% during mid-day trading on Friday . The company traded as low as $78.21 and last traded at $83.26. 34,732,096 shares changed hands during mid-day trading, an increase of 130% from the average session volume of 15,080,546 shares. The stock had previously closed at $84.64.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NBIS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Nebius Group in a research note on Tuesday, November 11th. Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a report on Monday, September 15th. CICC Research began coverage on shares of Nebius Group in a research report on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 target price for the company. Wall Street Zen lowered shares of Nebius Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, DA Davidson reaffirmed a “buy” rating and set a $150.00 price objective on shares of Nebius Group in a research note on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Nebius Group presently has a consensus rating of “Buy” and a consensus price target of $144.71.

Nebius Group Stock Performance

The firm has a fifty day moving average price of $110.25 and a 200 day moving average price of $72.61. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The firm has a market cap of $19.63 billion, a PE ratio of -108.13 and a beta of 3.29.

Hedge Funds Weigh In On Nebius Group

Several institutional investors and hedge funds have recently bought and sold shares of NBIS. Bank of New York Mellon Corp acquired a new stake in shares of Nebius Group during the 1st quarter worth approximately $462,000. Envestnet Asset Management Inc. acquired a new position in Nebius Group in the first quarter valued at approximately $2,046,000. IFP Advisors Inc purchased a new position in Nebius Group in the first quarter worth approximately $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Nebius Group during the first quarter worth $1,748,000. Finally, Guild Investment Management Inc. purchased a new stake in Nebius Group in the first quarter valued at $399,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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.