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

Shares of Nebius Group N.V. (NASDAQ:NBIS) dropped 1.4% during mid-day trading on Monday . The stock traded as low as $201.50 and last traded at $206.32. Approximately 10,476,914 shares traded 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NBIS shares. Northland Securities boosted their price objective on shares of Nebius Group from $248.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Piper Sandler assumed coverage on Nebius Group in a research report on Monday, August 3rd. They set a “neutral” rating and a $224.00 price objective on the stock. BNP Paribas Exane began coverage on Nebius Group in a research note on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 price target for the company. 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. Finally, Zacks Research lowered Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Nebius Group presently has an average rating of “Moderate Buy” and a consensus price target of $226.00.

Nebius Group Price Performance

The firm has a market cap of $50.49 billion, a price-to-earnings ratio of -6,649.12 and a beta of 4.24. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.03 and a current ratio of 4.03. The stock’s 50 day simple moving average is $214.89 and its 200-day simple moving average is $179.86.

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

Insider Activity at Nebius Group

In other Nebius Group news, CEO Arkadiy Volozh sold 46,627 shares of Nebius Group stock in a transaction dated Wednesday, July 1st. The stock was 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 directly owned 821,662 shares of the company’s stock, valued at $193,460,317.90. The trade was a 5.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andrey Korolenko sold 33,871 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $7,974,926.95. Following the sale, the insider directly owned 551,338 shares in the company, valued at $129,812,532.10. This represents a 5.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 174,221 shares of company stock valued at $42,871,270 over the last ninety days.

Institutional Trading of Nebius Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allied Private Wealth LLC acquired a new position in Nebius Group in the 2nd quarter valued at $25,000. Parkside Financial Bank & Trust purchased a new position in Nebius Group in the fourth quarter worth $25,000. Root Financial Partners LLC acquired a new stake in Nebius Group in the fourth quarter valued at $26,000. SHP Wealth Management purchased a new stake in shares of Nebius Group during the 4th quarter worth $26,000. Finally, Sound Income Strategies LLC boosted its position in shares of 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 purchasing an additional 100 shares in the last quarter. Hedge funds and other 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.