Nebius Group (NASDAQ:NBIS) Shares Down 12.7% – Here’s What Happened

Shares of Nebius Group N.V. (NASDAQ:NBIS) dropped 12.7% on Wednesday . The stock traded as low as $145.80 and last traded at $148.22. Approximately 38,549,205 shares changed hands during trading, an increase of 128% from the average daily volume of 16,886,768 shares. The stock had previously closed at $169.69.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Robert W. Baird started coverage on Nebius Group in a research report on Wednesday, July 22nd. They set an “outperform” rating and a $250.00 price target on the stock. Northland Securities increased their price objective on shares of Nebius Group from $248.00 to $410.00 and gave the company an “outperform” rating in a report on Monday, July 20th. Wall Street Zen raised Nebius Group from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. DA Davidson downgraded Nebius Group from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $200.00 to $250.00 in a report on Monday, May 18th. Finally, Citizens Jmp increased their price target on shares of Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 14th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $222.15.

Nebius Group Price Performance

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 $37.50 billion, a price-to-earnings ratio of 47.81 and a beta of 4.10. The company has a 50-day moving average price of $227.49 and a 200-day moving average price of $158.68.

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

Insider Buying and Selling at Nebius Group

In other news, Director John Wilson Iv Boynton sold 5,812 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $253.29, for a total transaction of $1,472,121.48. Following the completion of the sale, the director directly owned 378,665 shares in the company, valued at approximately $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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Arkadiy Volozh sold 46,627 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the transaction, the chief executive officer owned 821,662 shares of the company’s stock, valued at approximately $193,460,317.90. This represents a 5.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 668,405 shares of company stock worth $140,422,170 in the last ninety days.

Hedge Funds Weigh In On Nebius Group

Several large investors have recently modified their holdings of the business. Fulcrum Equity Management lifted its position in shares of Nebius Group by 42.5% during the 2nd quarter. Fulcrum Equity Management now owns 3,887 shares of the company’s stock valued at $1,073,000 after acquiring an additional 1,160 shares during the period. Fulton Bank N.A. bought a new stake in Nebius Group in the second quarter valued at $416,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Nebius Group during the second quarter valued at about $249,000. World Equity Group Inc. acquired a new position in shares of Nebius Group during the second quarter valued at about $555,000. Finally, Focus Financial Network Inc. bought a new position in shares of Nebius Group during the 2nd quarter worth about $600,000. 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.