Nebius Group (NASDAQ:NBIS) Trading Down 13.9% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS)’s share price was down 13.9% during trading on Thursday . The company traded as low as $169.23 and last traded at $171.77. Approximately 25,181,201 shares traded hands during trading, an increase of 53% from the average session volume of 16,435,744 shares. The stock had previously closed at $199.51.

Key Nebius Group News

Here are the key news stories impacting Nebius Group this week:

• Positive Sentiment: Nebius announced an asset-light expansion model that lets infrastructure partners fund and build data centers, which could help it scale AI cloud capacity faster while preserving cash. Nebius Unveils an Asset-Light AI Cloud Model: Key to Faster Growth?
• Positive Sentiment: Momentum in AI computing demand and recent commentary from analysts and investors remain supportive of Nebius’s long-term growth case, with some noting a large contracted backlog and strong demand for its neocloud services. Blueprint for a Billion: Nebius Group Secures the AI Floor
• Neutral Sentiment: Several bullish write-ups and rating updates argued that the recent selloff may have overshot the fundamentals, but they also highlight that expectations are already high after a huge one-year rally. Nebius: Thank You, Mr. Market (Rating Upgrade)
• Neutral Sentiment: One valuation-focused note said Nebius now looks fairly valued rather than undervalued, suggesting the market may be reassessing how much future growth is already priced in. Nebius (NBIS) Stock Looks Fairly Valued As AI Cloud Expansion Draws Interest
• Negative Sentiment: The latest decline was intensified by concerns over Nebius’s massive capex plans and reports of executive stock sales, which raised questions about near-term cash needs and insider confidence. Nebius (NBIS) Stock Plummets 11% on Massive CapEx Plans and Executive Stock Sales
• Negative Sentiment: Broader weakness in the “neocloud” trade and AI data-center stocks is also weighing on Nebius, as investors rotate away from high-multiple AI infrastructure names. Nebius Sinks 13% as the Neocloud Trade Unravels; How CoreWeave, IREN, and the AI Data Center Stocks Stack Up

Analyst Upgrades and Downgrades

NBIS has been the topic of a number of recent analyst reports. Cantor Fitzgerald began coverage on shares of Nebius Group in a research note on Thursday, April 9th. They set an “overweight” rating and a $129.00 price target on the stock. Wall Street Zen upgraded shares of Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Citigroup lifted their price objective on Nebius Group from $169.00 to $287.00 and gave the company a “buy” rating in a report on Friday, May 15th. Citizens Jmp boosted their target price on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 14th. Finally, Bank of America increased their target price on Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Nebius Group has a consensus rating of “Moderate Buy” and a consensus price target of $203.25.

Nebius Group Stock Down 13.9%

The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33. The company has a market capitalization of $43.46 billion, a PE ratio of 55.41 and a beta of 4.10. The firm’s 50-day simple moving average is $228.28 and its 200 day simple moving average is $152.14.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.58. The business had revenue of $399.00 million during the quarter, compared to the consensus estimate of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business’s quarterly revenue was up 684.0% compared to the same quarter last year. As a group, equities research analysts forecast that Nebius Group N.V. will post -1.91 earnings per share for the current year.

Insider Activity at Nebius Group

In related news, Director John Wilson Iv Boynton sold 5,812 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $253.29, for a total value of $1,472,121.48. Following the sale, the director owned 378,665 shares in the company, valued at $95,912,057.85. This represents a 1.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Sanchez Maria Del Dado Alonso sold 1,509 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $276.20, for a total value of $416,785.80. Following the completion of the transaction, the chief financial officer directly owned 12,672 shares of the company’s stock, valued at $3,500,006.40. The trade was a 10.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 668,405 shares of company stock worth $140,422,170.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Allied Private Wealth LLC acquired a new stake in Nebius Group in the 2nd quarter valued at about $25,000. Parkside Financial Bank & Trust purchased a new stake in shares of Nebius Group in the fourth quarter valued at about $25,000. Root Financial Partners LLC purchased a new stake in shares of Nebius Group in the fourth quarter valued at about $26,000. SHP Wealth Management purchased a new stake in shares of Nebius Group in the fourth quarter valued at about $26,000. Finally, Sound Income Strategies LLC grew its position in shares of Nebius Group by 62.5% in the first quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during 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.