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

Nebius Group N.V. (NASDAQ:NBIS)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $93.59, but opened at $89.20. Nebius Group shares last traded at $90.3740, with a volume of 5,109,050 shares traded.

Analysts Set New Price Targets

Several equities analysts have weighed in on NBIS shares. 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 for the company. DA Davidson reiterated a “buy” rating and set a $150.00 target price on shares of Nebius Group in a report on Wednesday, November 12th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Nebius Group in a research note on Monday. Finally, Wall Street Zen cut Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $144.71.

Nebius Group Price Performance

The business’s 50 day moving average price is $108.16 and its 200-day moving average price is $78.94. The firm has a market capitalization of $23.44 billion, a price-to-earnings ratio of -120.69 and a beta of 3.83.

Institutional Investors Weigh In On Nebius Group

Institutional investors have recently bought and sold shares of the stock. LPL Financial LLC acquired a new stake in shares of Nebius Group during the 1st quarter valued at about $2,708,000. US Bancorp DE acquired a new position in shares of Nebius Group in the 1st quarter valued at approximately $247,000. PNC Financial Services Group Inc. bought a new stake in Nebius Group in the 1st quarter valued at approximately $198,000. Deutsche Bank AG bought a new position in shares of Nebius Group in the 1st quarter valued at about $3,217,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Nebius Group in the first quarter valued at about $443,000. 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.