Nebius Group (NASDAQ:NBIS) Trading Down 7.8% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) shares dropped 7.8% during trading on Tuesday . The stock traded as low as $193.00 and last traded at $194.09. Approximately 17,618,731 shares traded hands during trading, an increase of 8% from the average session volume of 16,337,734 shares. The stock had previously closed at $210.51.

Wall Street Analyst Weigh In

NBIS has been the topic of several analyst reports. Wall Street Zen upgraded Nebius Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Citigroup upped their price target on Nebius Group from $169.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Wolfe Research started coverage on Nebius Group in a report on Thursday, April 16th. They set a “peer perform” rating for the company. DA Davidson lowered shares of Nebius Group from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $200.00 to $250.00 in a research report on Monday, May 18th. Finally, Morgan Stanley boosted their price objective on shares of Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a research note on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $203.25.

Nebius Group Price Performance

The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $228.28 and a two-hundred day simple moving average of $152.14. The company has a market cap of $50.48 billion, a PE ratio of 64.36 and a beta of 4.10.

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

Insider Activity

In other Nebius Group news, CTO Danila Shtan sold 16,937 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $3,987,816.65. Following the completion of the transaction, the chief technology officer owned 274,763 shares in the company, valued at approximately $64,692,948.35. This represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Marc Boroditsky sold 10,776 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $276.20, for a total value of $2,976,331.20. Following the completion of the sale, the executive directly owned 26,886 shares of the company’s stock, valued at approximately $7,425,913.20. This trade represents a 28.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 668,405 shares of company stock valued at $140,422,170 over the last three months.

Institutional Trading of Nebius Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Allied Private Wealth LLC acquired a new position in Nebius Group during the second quarter worth about $25,000. Parkside Financial Bank & Trust acquired a new stake in shares of Nebius Group during the 4th quarter valued at approximately $25,000. Root Financial Partners LLC purchased a new stake in shares of Nebius Group during the 4th quarter worth approximately $26,000. SHP Wealth Management purchased a new stake in shares of Nebius Group during the 4th quarter worth approximately $26,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Nebius Group by 62.5% during the 1st quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds 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.