Nebius Group (NASDAQ:NBIS) Shares Down 1.1% – Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS) was down 1.1% on Monday . The company traded as low as $278.00 and last traded at $283.61. 14,539,100 shares traded hands during trading, a decline of 11% from the average session volume of 16,319,654 shares. The stock had previously closed at $286.69.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NBIS. Weiss Ratings upgraded shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Morgan Stanley upped their price objective on shares of Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a research note on Thursday, May 14th. BNP Paribas Exane assumed coverage on shares of Nebius Group in a report on Tuesday, June 2nd. They set a “neutral” rating and a $255.00 target price on the stock. BWS Financial lifted their target price on shares of Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. 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 note on Thursday, May 14th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $203.25.

Nebius Group Stock Down 1.1%

The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16. The stock has a 50 day simple moving average of $200.60 and a 200 day simple moving average of $134.26. The firm has a market capitalization of $71.76 billion, a PE ratio of 91.49 and a beta of 4.03.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $375.13 million. The business’s revenue for the quarter was up 684.0% on a year-over-year basis. As a group, sell-side analysts forecast that Nebius Group N.V. will post -1.91 earnings per share for the current year.

Insider Activity at Nebius Group

In other Nebius Group news, CRO Marc Boroditsky sold 10,776 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $276.20, for a total value of $2,976,331.20. Following the sale, the executive owned 26,886 shares of the company’s stock, valued at $7,425,913.20. This trade represents a 28.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Wilson Iv Boynton sold 5,812 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $253.29, for a total transaction of $1,472,121.48. Following the completion of the transaction, the director owned 378,665 shares in the company, valued at $95,912,057.85. The trade was a 1.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 700,710 shares of company stock worth $132,153,501 over the last ninety days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC bought a new stake in shares of Nebius Group in the 1st quarter worth approximately $293,000. FAS Wealth Partners Inc. purchased a new position in shares of Nebius Group during the first quarter valued at approximately $284,000. Vestor Capital LLC raised its holdings in shares of Nebius Group by 456.5% during the first quarter. Vestor Capital LLC now owns 51,066 shares of the company’s stock valued at $5,299,000 after acquiring an additional 41,890 shares in the last quarter. SOA Wealth Advisors LLC. raised its holdings in shares of Nebius Group by 50.0% during the first quarter. SOA Wealth Advisors LLC. now owns 750 shares of the company’s stock valued at $78,000 after acquiring an additional 250 shares in the last quarter. Finally, Rovida Investment Management Ltd lifted its stake in Nebius Group by 3.6% in the first quarter. Rovida Investment Management Ltd now owns 1,893,647 shares of the company’s stock worth $196,333,000 after acquiring an additional 65,000 shares during the period. 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.