Nebius Group (NASDAQ:NBIS) Trading Down 7.9% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS)’s share price was down 7.9% on Monday . The stock traded as low as $119.75 and last traded at $120.47. Approximately 17,010,775 shares traded hands during trading, an increase of 19% from the average daily volume of 14,248,032 shares. The stock had previously closed at $130.82.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NBIS shares. The Goldman Sachs Group restated a “buy” rating and set a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nebius Group in a report on Tuesday, October 14th. Wall Street Zen raised shares of Nebius Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, DA Davidson reaffirmed a “buy” rating and set a $75.00 target price on shares of Nebius Group in a report on Tuesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Nebius Group presently has a consensus rating of “Buy” and an average price target of $91.20.

Nebius Group Stock Down 7.9%

The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $102.65 and its 200-day simple moving average is $65.70.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The firm had revenue of $105.10 million during the quarter, compared to the consensus estimate of $95.60 million. On average, research analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Nebius Group

Large investors have recently modified their holdings of the business. Western Pacific Wealth Management LP bought a new position in shares of Nebius Group during the third quarter valued at $45,000. Grove Bank & Trust bought a new position in Nebius Group during the third quarter worth $50,000. Signaturefd LLC raised its stake in Nebius Group by 125.0% during the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after buying an additional 250 shares during the last quarter. SOA Wealth Advisors LLC. raised its stake in Nebius Group by 38.5% during the third quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock worth $51,000 after buying an additional 125 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC bought a new position in Nebius Group during the third quarter worth $56,000. 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.