Nebius Group (NASDAQ:NBIS) Stock Price Down 1.2% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price traded down 1.2% during mid-day trading on Thursday . The stock traded as low as $252.56 and last traded at $256.63. Approximately 14,376,197 shares were traded during mid-day trading, a decline of 12% from the average session volume of 16,315,058 shares. The stock had previously closed at $259.66.

Analyst Ratings Changes

NBIS has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a report on Thursday, May 14th. BWS Financial upped their price objective on shares of Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Cantor Fitzgerald assumed coverage on shares of Nebius Group in a research note on Thursday, April 9th. They set an “overweight” rating and a $129.00 target price on the stock. Freedom Capital downgraded shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Citizens Jmp boosted their price target on shares of Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 14th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $203.25.

Nebius Group Price Performance

The company has a 50 day moving average of $211.62 and a two-hundred day moving average of $139.75. The firm has a market cap of $60.80 billion, a P/E ratio of 77.52 and a beta of 4.03. 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 released its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.54. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The firm had revenue of $399.00 million for the quarter, compared to analyst estimates of $375.13 million. Nebius Group’s revenue was up 684.0% on a year-over-year basis. Sell-side analysts expect that Nebius Group N.V. will post -1.91 EPS for the current year.

Insider Buying and Selling

In related news, CTO Danila Shtan sold 15,678 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $238.96, for a total value of $3,746,414.88. Following the sale, the chief technology officer directly owned 291,700 shares in the company, valued at $69,704,632. The trade was a 5.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Arkadiy Volozh sold 33,358 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $103.73, for a total transaction of $3,460,225.34. Following 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 700,710 shares of company stock worth $132,153,501.

Institutional Investors Weigh In On Nebius Group

Several hedge funds have recently modified their holdings of NBIS. State Street Corp lifted its position in shares of Nebius Group by 2,391.3% in the 4th quarter. State Street Corp now owns 3,219,326 shares of the company’s stock valued at $269,474,000 after acquiring an additional 3,090,103 shares in the last quarter. Capital Research Global Investors purchased a new position in Nebius Group during the 4th quarter valued at about $231,635,000. Fred Alger Management LLC increased its holdings in shares of Nebius Group by 33.4% in 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. Accel Leaders 3 Associates L.P. acquired a new position in shares of Nebius Group in the 4th quarter valued at about $188,496,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Nebius Group in the third quarter worth approximately $238,511,000. 21.90% of the stock is owned by hedge funds and other 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.