Nebius Group (NASDAQ:NBIS) Shares Gap Down – Time to Sell?

Shares of Nebius Group N.V. (NASDAQ:NBIS) gapped down prior to trading on Friday . The stock had previously closed at $104.88, but opened at $98.70. Nebius Group shares last traded at $95.3880, with a volume of 5,720,106 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have commented on NBIS shares. DA Davidson reaffirmed a “buy” rating and issued a $150.00 target price on shares of Nebius Group in a research note on Wednesday, November 12th. Wall Street Zen downgraded Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. BWS Financial reissued a “buy” rating and issued a $130.00 target price on shares of Nebius Group in a research note on Tuesday, February 17th. CICC Research began coverage on Nebius Group in a report on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price target for the company. Finally, Northland Securities boosted their price objective on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Nebius Group has an average rating of “Moderate Buy” and a consensus target price of $143.22.

Nebius Group Stock Down 14.3%

The firm’s 50 day simple moving average is $95.00 and its 200-day simple moving average is $95.95. The company has a current ratio of 3.08, a quick ratio of 6.57 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $22.64 billion, a price-to-earnings ratio of -61.41 and a beta of 3.90.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings data on Thursday, February 12th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.42) by ($0.27). Nebius Group had a net margin of 19.02% and a negative return on equity of 11.70%. The company had revenue of $227.70 million during the quarter, compared to the consensus estimate of $246.05 million. Equities analysts expect that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nebius Group

A number of institutional investors have recently added to or reduced their stakes in NBIS. Royal Bank of Canada acquired a new stake in Nebius Group in the first quarter valued at $1,628,000. Millennium Management LLC bought a new stake in shares of Nebius Group in the 1st quarter valued at about $11,563,000. NewEdge Advisors LLC bought a new stake in shares of Nebius Group in the 1st quarter valued at about $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Nebius Group in the 1st quarter valued at about $9,084,000. Finally, CWM LLC grew its holdings in Nebius Group by 93.8% during the second quarter. CWM LLC now owns 1,221 shares of the company’s stock worth $68,000 after purchasing an additional 591 shares during the period. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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.