Nebius Group (NASDAQ:NBIS) Trading Down 3% – Time to Sell?

Shares of Nebius Group N.V. (NASDAQ:NBIS) traded down 3% on Monday . The company traded as low as $113.55 and last traded at $114.15. 13,365,903 shares traded hands during trading, a decline of 12% from the average session volume of 15,155,237 shares. The stock had previously closed at $117.62.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NBIS shares. BWS Financial raised their target price on Nebius Group from $130.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Morgan Stanley started coverage on Nebius Group in a research note on Thursday, January 15th. They issued an “equal weight” rating and a $126.00 price target on the stock. Compass Point assumed coverage on Nebius Group in a report on Wednesday, February 18th. They issued a “buy” rating and a $150.00 price objective for the company. DA Davidson raised their price objective on Nebius Group from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Finally, Weiss Ratings cut shares of Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Nebius Group has a consensus rating of “Moderate Buy” and a consensus price target of $157.80.

Nebius Group Stock Performance

The company has a debt-to-equity ratio of 0.89, a quick ratio of 6.57 and a current ratio of 3.08. The business has a 50-day moving average price of $99.48 and a 200 day moving average price of $100.34. The stock has a market capitalization of $28.74 billion, a P/E ratio of -78.18 and a beta of 4.02.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, February 12th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.27). The company had revenue of $227.70 million for the quarter, compared to the consensus estimate of $246.05 million. Nebius Group had a net margin of 19.02% and a negative return on equity of 11.70%. As a group, sell-side analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Nebius Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Parkside Financial Bank & Trust purchased a new stake in Nebius Group during the 4th quarter valued at about $25,000. Root Financial Partners LLC purchased a new position in Nebius Group in the fourth quarter worth about $26,000. SHP Wealth Management bought a new position in shares of Nebius Group in the fourth quarter worth approximately $26,000. Blue Trust Inc. lifted its stake in shares of Nebius Group by 73.8% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $28,000 after buying an additional 141 shares in the last quarter. Finally, Armstrong Advisory Group Inc. grew its holdings in shares of Nebius Group by 500.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. 21.90% of the stock is currently owned by institutional investors.

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.