Nebius Group (NASDAQ:NBIS) Shares Down 1.4% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) dropped 1.4% during trading on Tuesday . The company traded as low as $238.00 and last traded at $260.9280. Approximately 24,146,090 shares traded hands during trading, an increase of 32% from the average daily volume of 18,242,362 shares. The stock had previously closed at $264.51.

Analyst Ratings Changes

NBIS has been the subject of a number of recent analyst reports. Cantor Fitzgerald began coverage on shares of Nebius Group in a report on Thursday, April 9th. They set an “overweight” rating and a $129.00 price target for the company. Wolfe Research initiated coverage on shares of Nebius Group in a report on Thursday, April 16th. They issued a “peer perform” rating on the stock. BWS Financial raised their target price on Nebius Group from $130.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Morgan Stanley lifted their target price on Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 14th. Finally, Bank of America boosted their price target on Nebius Group from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $188.31.

Nebius Group Trading Down 3.4%

The firm has a market cap of $63.68 billion, a P/E ratio of 81.19 and a beta of 4.03. The business’s 50 day moving average is $167.32 and its 200-day moving average is $121.00. The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.77) by $0.54. The firm had revenue of $399.00 million for the quarter, compared to the consensus estimate of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The firm’s revenue for the quarter was up 684.0% compared to the same quarter last year. As a group, analysts forecast that Nebius Group N.V. will post -1.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Nebius Group

In related news, CRO Marc Boroditsky sold 10,776 shares of Nebius Group stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total value of $2,976,331.20. Following the completion of the transaction, the executive directly owned 26,886 shares in the company, valued at approximately $7,425,913.20. This trade represents a 28.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Arkadiy Volozh sold 33,358 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $103.73, for a total value of $3,460,225.34. Following the completion of the sale, the chief executive officer directly owned 868,289 shares of the company’s stock, valued at approximately $90,067,617.97. This represents a 3.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 679,220 shares of company stock valued at $126,934,965.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NBIS. Orbis Allan Gray Ltd raised its position in shares of Nebius Group by 12.4% during the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock valued at $976,681,000 after acquiring an additional 1,949,708 shares in the last quarter. Fred Alger Management LLC boosted its holdings in Nebius Group by 33.4% in the third quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock worth $1,137,551,000 after purchasing an additional 2,536,832 shares during the period. Jericho Capital Asset Management L.P. increased its stake in Nebius Group by 55.7% during the third quarter. Jericho Capital Asset Management L.P. now owns 4,607,497 shares of the company’s stock valued at $517,284,000 after purchasing an additional 1,648,497 shares during the last quarter. Morgan Stanley increased its stake in Nebius Group by 35.2% during the fourth quarter. Morgan Stanley now owns 3,704,659 shares of the company’s stock valued at $310,099,000 after purchasing an additional 964,984 shares during the last quarter. Finally, Clear Street Group Inc. raised its holdings in shares of Nebius Group by 95.0% during the fourth quarter. Clear Street Group Inc. now owns 3,511,656 shares of the company’s stock worth $293,943,000 after purchasing an additional 1,710,924 shares during the period. 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.