Nebius Group (NASDAQ:NBIS) Shares Down 8.5% – Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS)’s share price was down 8.5% during mid-day trading on Monday . The stock traded as low as $89.65 and last traded at $92.26. Approximately 16,543,019 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 14,967,104 shares. The stock had previously closed at $100.82.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NBIS shares. BWS Financial increased their price objective on Nebius Group from $130.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Citigroup began coverage on Nebius Group in a report on Monday, March 16th. They issued a “buy” rating and a $169.00 target price on the stock. DA Davidson boosted their target price on Nebius Group from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Weiss Ratings downgraded Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. Finally, Freedom Capital upgraded Nebius Group to a “strong-buy” rating in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $157.09.

Nebius Group Trading Down 8.5%

The company’s 50-day moving average is $99.95 and its 200 day moving average is $101.51. 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 firm has a market cap of $23.23 billion, a PE ratio of -63.19 and a beta of 4.02.

Nebius Group (NASDAQ:NBIS) last posted 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 negative return on equity of 11.70% and a net margin of 19.02%.The firm had revenue of $227.70 million for the quarter, compared to analysts’ expectations of $246.05 million. As a group, sell-side analysts predict that Nebius Group N.V. will post -1.1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NBIS. Parkside Financial Bank & Trust purchased a new stake in Nebius Group in the 4th quarter worth about $25,000. SHP Wealth Management purchased a new position in Nebius Group during the 4th quarter valued at about $26,000. Root Financial Partners LLC acquired a new position in shares of Nebius Group in the 4th quarter valued at about $26,000. Blue Trust Inc. lifted its position in shares of Nebius Group by 73.8% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 141 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its position in shares of Nebius Group by 500.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors 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.