Nebius Group (NASDAQ:NBIS) Stock Price Down 3.3% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) was down 3.3% during trading on Tuesday . The stock traded as low as $84.72 and last traded at $88.88. Approximately 14,842,063 shares changed hands during trading, a decline of 3% from the average daily volume of 15,239,519 shares. The stock had previously closed at $91.90.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NBIS shares. DA Davidson reiterated a “buy” rating and issued a $150.00 price objective on shares of Nebius Group in a research report on Wednesday, November 12th. The Goldman Sachs Group reiterated a “buy” rating and issued a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. Northland Securities upped their target price on shares of Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Citizens Jmp started coverage on Nebius Group in a research report on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 target price on the stock. Finally, BWS Financial reiterated a “buy” rating and issued a $130.00 price target on shares of Nebius Group in a research note on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $144.71.

Nebius Group Stock Down 3.3%

The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $110.13 and a 200-day moving average price of $74.13. The firm has a market cap of $20.95 billion, a P/E ratio of -115.43 and a beta of 3.29.

Institutional Investors Weigh In On Nebius Group

A number of hedge funds and other institutional investors have recently made changes to their positions in NBIS. Western Pacific Wealth Management LP acquired a new stake in Nebius Group in the 3rd quarter worth about $45,000. Grove Bank & Trust purchased a new position in shares of Nebius Group during the third quarter worth $50,000. Signaturefd LLC grew its position in Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after acquiring an additional 250 shares in the last quarter. SOA Wealth Advisors LLC. increased its position in shares of Nebius Group by 38.5% during the third quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock worth $51,000 after acquiring an additional 125 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in shares of Nebius Group in the 3rd quarter valued at about $54,000. Institutional investors and hedge funds 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.