Nebius Group (NASDAQ:NBIS) Shares Down 2.3% – Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS) fell 2.3% on Monday. The stock traded as low as $228.38 and last traded at $231.88. Approximately 12,683,452 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 17,734,711 shares. The stock had previously closed at $237.33.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NBIS. Freedom Capital upgraded Nebius Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Rothschild & Co Redburn started coverage on Nebius Group in a research note on Monday, September 21st. They issued a “sell” rating and a $84.00 price objective for the company. Citigroup raised their target price on Nebius Group from $278.00 to $324.00 and gave the company a “buy” rating in a report on Friday, August 14th. Piper Sandler assumed coverage on Nebius Group in a research report on Monday, August 3rd. They set a “neutral” rating and a $224.00 target price on the stock. Finally, Weiss Ratings upgraded Nebius Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nebius Group has an average rating of “Moderate Buy” and a consensus target price of $241.80.

Nebius Group Price Performance

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 business’s 50-day moving average is $216.55 and its two-hundred day moving average is $196.05. The company has a market capitalization of $58.67 billion, a P/E ratio of -7,726.76 and a beta of 4.23.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $582.30 million for the quarter, compared to analysts’ expectations of $567.91 million. During the same period in the previous year, the company earned $2.38 earnings per share. The firm’s revenue for the quarter was up 454% compared to the same quarter last year. As a group, analysts predict that Nebius Group N.V. will post -3.76 earnings per share for the current year.

Insider Activity

In related news, CTO Danila Shtan sold 16,937 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $3,987,816.65. Following the completion of the sale, the chief technology officer directly owned 274,763 shares of the company’s stock, valued at approximately $64,692,948.35. This trade represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles E. Ryan sold 50,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $265.53, for a total value of $13,276,500.00. Following the sale, the director directly owned 272,533 shares of the company’s stock, valued at $72,365,687.49. The trade was a 15.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 182,587 shares of company stock worth $43,618,456.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. purchased a new stake in shares of Nebius Group during the 2nd quarter valued at $235,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Nebius Group during the 2nd quarter worth $275,000. State Street Corp boosted its holdings in shares of Nebius Group by 16.2% in the 2nd quarter. State Street Corp now owns 4,069,875 shares of the company’s stock worth $1,123,977,000 after buying an additional 568,415 shares during the last quarter. Silicon Valley Capital Partners boosted its holdings in shares of Nebius Group by 138.0% in the 2nd quarter. Silicon Valley Capital Partners now owns 2,975 shares of the company’s stock worth $821,000 after buying an additional 1,725 shares during the last quarter. Finally, IKE Capital LLC bought a new position in Nebius Group during the second quarter valued at about $394,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

About Nebius Group

Nebius Group N.V. (NASDAQ: NBIS) is a technology company focused on artificial intelligence infrastructure and related services. Its principal business is Nebius AI, a cloud platform that provides computing, storage, networking and managed infrastructure designed to support the development and deployment of AI applications, including access to accelerated computing resources.

The company also operates or develops businesses in adjacent technology markets. These include Toloka, which provides data and evaluation services for machine-learning systems; TripleTen, an online education platform offering technology-focused training; and Avride, a developer of autonomous driving and delivery technologies.