Nebius Group (NASDAQ:NBIS) Trading Down 1.2% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS) shares traded down 1.2% on Thursday . The company traded as low as $102.00 and last traded at $104.88. 8,270,577 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 13,311,540 shares. The stock had previously closed at $106.12.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NBIS shares. Compass Point started coverage on shares of Nebius Group in a report on Wednesday, February 18th. They issued a “buy” rating and a $150.00 price objective on the stock. Wall Street Zen lowered shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. CICC Research began coverage on shares of Nebius Group in a report on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price target on the stock. Morgan Stanley started coverage on Nebius Group in a report on Thursday, January 15th. They set an “equal weight” rating and a $126.00 price objective for the company. Finally, DA Davidson reaffirmed a “buy” rating and issued a $150.00 target price on shares of Nebius Group in a research report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Nebius Group currently has a consensus rating of “Moderate Buy” and an average price target of $143.22.

Nebius Group Stock Down 1.2%

The company has a market cap of $26.41 billion, a P/E ratio of -71.84 and a beta of 3.90. The stock has a 50-day moving average of $94.46 and a 200 day moving average of $95.89. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 6.57.

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

Institutional Investors Weigh In On Nebius Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. boosted its position in Nebius Group by 186.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock valued at $1,652,000 after buying an additional 19,424 shares in the last quarter. Trek Financial LLC bought a new position in shares of Nebius Group in the 3rd quarter valued at $2,309,000. J.W. Cole Advisors Inc. boosted its holdings in shares of Nebius Group by 123.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 33,488 shares of the company’s stock valued at $3,760,000 after acquiring an additional 18,533 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Nebius Group by 2.7% during the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock valued at $198,514,000 after acquiring an additional 92,710 shares in the last quarter. Finally, Salem Investment Counselors Inc. grew its position in Nebius Group by 2,272.7% during the 3rd quarter. Salem Investment Counselors Inc. now owns 26,930 shares of the company’s stock worth $3,023,000 after acquiring an additional 25,795 shares during 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.