Nebius Group (NASDAQ:NBIS) Shares Down 1.4% – Should You Sell?

Shares of Nebius Group N.V. (NASDAQ:NBIS) dropped 1.4% on Tuesday . The stock traded as low as $238.00 and last traded at $260.9280. Approximately 24,146,090 shares traded hands during trading, an increase of 32% from the average daily volume of 18,242,362 shares. The stock had previously closed at $264.51.

Analysts Set New Price Targets

NBIS has been the subject of several research reports. Cantor Fitzgerald assumed coverage on Nebius Group in a research note on Thursday, April 9th. They set an “overweight” rating and a $129.00 price target for the company. Compass Point assumed coverage on Nebius Group in a report on Wednesday, February 18th. They set a “buy” rating and a $150.00 price objective on the stock. Citigroup increased their price objective on Nebius Group from $169.00 to $287.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Weiss Ratings raised Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Finally, DA Davidson cut Nebius Group from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $200.00 to $250.00 in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Nebius Group has an average rating of “Moderate Buy” and an average target price of $188.31.

Nebius Group Trading Down 1.4%

The firm has a fifty day simple moving average of $161.71 and a two-hundred day simple moving average of $118.68. The stock has a market cap of $66.02 billion, a PE ratio of 84.17 and a beta of 4.03. The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $375.13 million. The business’s revenue was up 684.0% on a year-over-year basis. As a group, equities analysts expect that Nebius Group N.V. will post -2.35 earnings per share for the current fiscal year.

Insider Transactions at Nebius Group

In related news, CEO Arkadiy Volozh sold 33,358 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $103.73, for a total transaction of $3,460,225.34. Following the transaction, the chief executive officer directly owned 868,289 shares of the company’s stock, valued at approximately $90,067,617.97. This trade represents a 3.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Elena Bunina sold 10,894 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $206.87, for a total value of $2,253,641.78. Following the transaction, the director directly owned 10,772 shares in the company, valued at approximately $2,228,403.64. This represents a 50.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 666,935 shares of company stock valued at $123,541,848.

Hedge Funds Weigh In On Nebius Group

A number of large investors have recently modified their holdings of NBIS. Parkside Financial Bank & Trust bought a new position in Nebius Group during the 4th quarter worth approximately $25,000. Root Financial Partners LLC bought a new position in Nebius Group during the 4th quarter worth approximately $26,000. SHP Wealth Management bought a new position in Nebius Group during the 4th quarter worth approximately $26,000. Sound Income Strategies LLC grew its position in Nebius Group by 62.5% during the 1st quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Nebius Group by 73.8% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $28,000 after acquiring an additional 141 shares during the last quarter. 21.90% of the stock is 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.