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

Nebius Group N.V. (NASDAQ:NBIS)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $276.17, but opened at $240.27. Nebius Group shares last traded at $239.8160, with a volume of 8,461,688 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NBIS. Weiss Ratings upgraded shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Freedom Capital lowered shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen raised shares of Nebius Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. BNP Paribas Exane initiated coverage on shares of Nebius Group in a research report on Tuesday, June 2nd. They set a “neutral” rating and a $255.00 price target on the stock. Finally, Bank of America upped their price target on shares of Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $203.25.

Nebius Group Stock Performance

The company has a fifty day moving average price of $215.92 and a two-hundred day moving average price of $142.48. The firm has a market cap of $60.90 billion, a price-to-earnings ratio of 77.41 and a beta of 4.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33.

Nebius Group (NASDAQ:NBIS) last released its earnings results 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 firm had revenue of $399.00 million for the quarter, compared to analyst estimates of $375.13 million. Nebius Group’s revenue was up 684.0% on a year-over-year basis. As a group, equities research analysts expect that Nebius Group N.V. will post -1.91 EPS for the current year.

Insider Buying and Selling at Nebius Group

In related news, Director Elena Bunina sold 10,894 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $206.87, for a total value of $2,253,641.78. Following the sale, the director directly owned 10,772 shares in the company, valued at $2,228,403.64. The trade was a 50.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Danila Shtan sold 15,678 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $238.96, for a total transaction of $3,746,414.88. Following the sale, the chief technology officer directly owned 291,700 shares of the company’s stock, valued at approximately $69,704,632. This represents a 5.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 626,887 shares of company stock worth $124,696,143.

Institutional Investors Weigh In On Nebius Group

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada purchased a new stake in shares of Nebius Group during the first quarter valued at $1,628,000. Millennium Management LLC acquired a new position in shares of Nebius Group in the 1st quarter valued at $11,563,000. NewEdge Advisors LLC purchased a new position in Nebius Group in the 1st quarter worth about $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Nebius Group in the 1st quarter worth about $9,084,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Nebius Group during the 2nd quarter worth about $68,000. 21.90% of the stock is 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.