Nebius Group (NASDAQ:NBIS) Trading Down 3.9% – Time to Sell?

Shares of Nebius Group N.V. (NASDAQ:NBIS) were down 3.9% on Friday . The stock traded as low as $86.74 and last traded at $87.59. Approximately 6,102,626 shares traded hands during trading, a decline of 59% from the average daily volume of 14,925,859 shares. The stock had previously closed at $91.13.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nebius Group in a report on Monday. Citizens Jmp assumed coverage on shares of Nebius Group in a report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 target price for the company. DA Davidson reissued a “buy” rating and set a $150.00 price target on shares of Nebius Group in a report on Wednesday, November 12th. Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a report on Monday, September 15th. Finally, BWS Financial reiterated a “buy” rating and set a $130.00 target price on shares of Nebius Group in a research report on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Nebius Group currently has an average rating of “Buy” and an average price target of $144.71.

Nebius Group Stock Performance

The business’s fifty day moving average is $99.35 and its 200-day moving average is $82.23. The firm has a market cap of $22.06 billion, a P/E ratio of -113.75 and a beta of 3.83.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Orbis Allan Gray Ltd grew its position in shares of Nebius Group by 12.4% in the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock valued at $976,681,000 after buying an additional 1,949,708 shares during the last quarter. Fred Alger Management LLC increased its position in Nebius Group by 33.4% during the 3rd quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock valued at $1,137,551,000 after purchasing an additional 2,536,832 shares during the period. Jericho Capital Asset Management L.P. raised its holdings in Nebius Group by 55.7% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 4,607,497 shares of the company’s stock worth $517,284,000 after purchasing an additional 1,648,497 shares during the last quarter. Invesco Ltd. lifted its position in shares of Nebius Group by 2.7% in the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock worth $198,514,000 after purchasing an additional 92,710 shares during the period. Finally, Rovida Investment Management Ltd boosted its stake in shares of Nebius Group by 26.0% in the 3rd quarter. Rovida Investment Management Ltd now owns 2,193,647 shares of the company’s stock valued at $246,193,000 after purchasing an additional 453,000 shares during the last quarter. 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.