Nebius Group (NASDAQ:NBIS) Shares Down 1.8% – Time to Sell?

Shares of Nebius Group N.V. (NASDAQ:NBIS) traded down 1.8% on Monday . The stock traded as low as $84.29 and last traded at $86.04. 7,891,962 shares were traded during mid-day trading, a decline of 47% from the average session volume of 14,898,055 shares. The stock had previously closed at $87.59.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NBIS shares. Northland Securities lifted their target price on Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. DA Davidson reiterated a “buy” rating and issued a $150.00 target price on shares of Nebius Group in a research note on Wednesday, November 12th. Wall Street Zen lowered shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Citizens Jmp initiated coverage on shares of Nebius Group in a report on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $144.71.

Nebius Group Stock Down 1.8%

The stock has a market cap of $21.67 billion, a P/E ratio of -111.74 and a beta of 3.83. The business’s 50-day simple moving average is $98.83 and its two-hundred day simple moving average is $82.91.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Western Pacific Wealth Management LP bought a new stake in Nebius Group during the 3rd quarter valued at $45,000. Grove Bank & Trust purchased a new position in shares of Nebius Group in the third quarter valued at $50,000. Signaturefd LLC raised its stake in shares of Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares during the period. SOA Wealth Advisors LLC. lifted its holdings in Nebius Group by 38.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock worth $51,000 after purchasing an additional 125 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in Nebius Group during the 3rd quarter worth about $54,000. 21.90% of the stock is currently owned by hedge funds and other 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.