Nebius Group (NASDAQ:NBIS) Trading Down 1.4% – Time to Sell?

Nebius Group N.V. (NASDAQ:NBIS) dropped 1.4% during trading on Monday . The stock traded as low as $201.50 and last traded at $206.32. Approximately 10,476,914 shares changed hands during trading, a decline of 42% from the average daily volume of 18,008,652 shares. The stock had previously closed at $209.18.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Zacks Research downgraded Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Northland Securities lifted their price target on Nebius Group from $248.00 to $410.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Citigroup upped their price objective on Nebius Group from $278.00 to $324.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Finally, Morgan Stanley increased their price objective on Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nebius Group has a consensus rating of “Moderate Buy” and an average price target of $226.00.

Nebius Group Price Performance

The stock has a market capitalization of $52.20 billion, a P/E ratio of -6,875.04 and a beta of 4.23. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average price of $217.95 and a two-hundred day moving average price of $178.27.

Nebius Group (NASDAQ:NBIS) last announced its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.55. The business had revenue of $582.30 million during the quarter, compared to analyst estimates of $567.91 million. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The company’s quarterly revenue was up 454% compared to the same quarter last year. During the same period in the previous year, the business earned $2.38 EPS. On average, analysts expect that Nebius Group N.V. will post -3.76 EPS for the current year.

Insider Buying and Selling

In related news, CEO Arkadiy Volozh sold 46,627 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total value of $10,978,327.15. Following the completion of the transaction, the chief executive officer owned 821,662 shares of the company’s stock, valued at approximately $193,460,317.90. This represents a 5.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Danila Shtan sold 16,937 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $3,987,816.65. Following the completion of the sale, the chief technology officer owned 274,763 shares of the company’s stock, valued at $64,692,948.35. The trade was a 5.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 186,506 shares of company stock worth $46,264,387 in the last ninety days.

Hedge Funds Weigh In On Nebius Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Corient Private Wealth LP lifted its stake in Nebius Group by 47.5% in the 2nd quarter. Corient Private Wealth LP now owns 10,388 shares of the company’s stock worth $2,869,000 after purchasing an additional 3,344 shares in the last quarter. Amundi raised its holdings in shares of Nebius Group by 49.0% during the 2nd quarter. Amundi now owns 2,002,187 shares of the company’s stock worth $552,944,000 after acquiring an additional 658,233 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Nebius Group by 20.4% in the 2nd quarter. HighTower Advisors LLC now owns 26,175 shares of the company’s stock worth $7,229,000 after buying an additional 4,431 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Nebius Group by 23,011.0% in the 2nd quarter. California State Teachers Retirement System now owns 62,163,381 shares of the company’s stock valued at $17,167,661,000 after acquiring an additional 61,894,404 shares during the last quarter. Finally, Alan B Lancz & Associates Inc. bought a new position in Nebius Group in the second quarter worth approximately $276,000. Institutional investors own 21.90% of the company’s stock.

About Nebius Group

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.