Nebius Group (NASDAQ:NBIS) Trading Down 3.2% – Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS) dropped 3.2% on Monday . The stock traded as low as $91.36 and last traded at $91.46. Approximately 14,553,921 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 12,722,802 shares. The stock had previously closed at $94.50.

Analyst Ratings Changes

Several research firms have commented on NBIS. DA Davidson reissued a “buy” rating and issued a $150.00 target price on shares of Nebius Group in a report on Wednesday, November 12th. Weiss Ratings downgraded Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. Wall Street Zen lowered Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. CICC Research began coverage on Nebius Group in a research note on Tuesday, November 11th. They set an “outperform” rating and a $143.00 target price for the company. Finally, Northland Securities increased their target price on shares of Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $142.38.

Nebius Group Stock Performance

The business’s 50 day moving average is $93.51 and its two-hundred day moving average is $89.91.

Institutional Investors Weigh In On Nebius Group

Hedge funds have recently added to or reduced their stakes in the business. Harbor Advisors LLC grew its position in shares of Nebius Group by 0.4% during the 3rd quarter. Harbor Advisors LLC now owns 27,600 shares of the company’s stock worth $3,099,000 after buying an additional 100 shares during the period. SOA Wealth Advisors LLC. increased its stake in Nebius Group by 38.5% in the third quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock valued at $51,000 after purchasing an additional 125 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Nebius Group by 73.8% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $28,000 after purchasing an additional 141 shares during the period. WealthCare Investment Partners LLC boosted its position in shares of Nebius Group by 6.2% during the 4th quarter. WealthCare Investment Partners LLC now owns 2,589 shares of the company’s stock worth $233,000 after purchasing an additional 150 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Nebius Group by 6.1% during the 4th quarter. CWM LLC now owns 2,628 shares of the company’s stock worth $220,000 after purchasing an additional 152 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.