Nebius Group (NASDAQ:NBIS) Shares Down 4.6% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS) shares were down 4.6% on Friday . The company traded as low as $96.20 and last traded at $98.04. Approximately 12,968,535 shares traded hands during trading, a decline of 14% from the average daily volume of 15,129,679 shares. The stock had previously closed at $102.80.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NBIS. Wall Street Zen downgraded shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Citizens Jmp initiated coverage on Nebius Group in a research note on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 price objective on the stock. BWS Financial restated a “buy” rating and set a $130.00 price target on shares of Nebius Group in a report on Thursday, November 13th. Northland Securities lifted their price objective on shares of Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $120.00 target price on shares of Nebius Group in a research note on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $144.71.

Nebius Group Stock Performance

The business has a fifty day moving average of $109.31 and a 200-day moving average of $77.03. The company has a market capitalization of $24.69 billion, a P/E ratio of -127.32 and a beta of 3.83.

Institutional Investors Weigh In On Nebius Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC increased its holdings 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. SJS Investment Consulting Inc. purchased a new stake in shares of Nebius Group during the 2nd quarter worth approximately $31,000. Assetmark Inc. raised its holdings in shares of Nebius Group by 102.0% in the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock worth $33,000 after purchasing an additional 304 shares during the period. LRI Investments LLC lifted its stake in Nebius Group by 85.4% in the second quarter. LRI Investments LLC now owns 673 shares of the company’s stock valued at $37,000 after purchasing an additional 310 shares during the last quarter. Finally, ORG Partners LLC grew its holdings in Nebius Group by 369.1% during the second quarter. ORG Partners LLC now owns 760 shares of the company’s stock valued at $39,000 after purchasing an additional 598 shares during the period. 21.90% of the stock is owned by institutional investors.

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.