Nebius Group (NASDAQ:NBIS) Trading Down 10.2% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) was down 10.2% on Friday . The company traded as low as $84.12 and last traded at $85.19. Approximately 18,069,885 shares traded hands during mid-day trading, an increase of 40% from the average daily volume of 12,930,465 shares. The stock had previously closed at $94.91.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NBIS shares. DA Davidson reaffirmed a “buy” rating and set a $150.00 target price on shares of Nebius Group in a report on Wednesday, November 12th. Morgan Stanley started coverage on shares of Nebius Group in a report on Thursday, January 15th. They issued an “equal weight” rating and a $126.00 price objective for the company. Wall Street Zen cut Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. CICC Research initiated coverage on shares of Nebius Group in a report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 target price for the company. Finally, Weiss Ratings lowered Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $142.38.

Nebius Group Stock Performance

The stock has a market cap of $21.45 billion, a price-to-earnings ratio of -110.64 and a beta of 4.00. The company’s 50 day simple moving average is $93.97 and its two-hundred day simple moving average is $90.39.

Institutional Investors Weigh In On Nebius Group

A number of hedge funds have recently bought and sold shares of the company. Blue Trust Inc. grew its position in Nebius Group by 73.8% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 141 shares during the last quarter. Armstrong Advisory Group Inc. grew its position in Nebius Group by 500.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company’s stock worth $30,000 after buying an additional 300 shares in the last quarter. Western Pacific Wealth Management LP acquired a new stake in Nebius Group during the third quarter worth about $45,000. Grove Bank & Trust bought a new position in Nebius Group during the third quarter valued at about $50,000. Finally, Signaturefd LLC raised its holdings in Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after acquiring an additional 250 shares in the last quarter. 21.90% of the stock is currently 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.