Nebius Group (NASDAQ:NBIS) Trading Down 1.8% – Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price fell 1.8% during mid-day trading on Tuesday . The stock traded as low as $103.92 and last traded at $105.43. 10,286,150 shares were traded during trading, a decline of 17% from the average session volume of 12,380,295 shares. The stock had previously closed at $107.33.

Analyst Ratings Changes

Several research firms have weighed in on NBIS. Seaport Res Ptn upgraded Nebius Group to a “hold” rating in a research note on Monday, September 15th. DA Davidson reissued a “buy” rating and issued a $150.00 target price on shares of Nebius Group in a report on Wednesday, November 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Nebius Group in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, BWS Financial reissued a “buy” rating and set 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, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $144.71.

Nebius Group Stock Performance

The company has a market cap of $26.55 billion, a PE ratio of -136.92 and a beta of 4.00. The company has a fifty day moving average of $93.58 and a two-hundred day moving average of $86.29.

Hedge Funds Weigh In On Nebius Group

Large investors have recently made changes to their positions in the company. Armstrong Advisory Group Inc. boosted its position 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 period. Western Pacific Wealth Management LP purchased a new position in Nebius Group during the 3rd quarter valued at $45,000. Grove Bank & Trust purchased a new position in Nebius Group during the 3rd quarter valued at $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 during the last quarter. Finally, SOA Wealth Advisors LLC. increased its stake in Nebius Group by 38.5% in the third quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock worth $51,000 after purchasing an additional 125 shares during the period. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Company Profile

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.