Nebius Group (NASDAQ:NBIS) Shares Down 4.3% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS)’s share price was down 4.3% during mid-day trading on Friday . The company traded as low as $205.48 and last traded at $209.18. 12,967,585 shares were traded during trading, a decline of 28% from the average session volume of 18,053,576 shares. The stock had previously closed at $218.48.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Robert W. Baird boosted their price target on Nebius Group from $250.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Morgan Stanley raised their price objective on shares of Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, May 14th. BNP Paribas Exane assumed coverage on Nebius Group in a research note on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 price objective on the stock. Citigroup increased their target price on Nebius Group from $278.00 to $324.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Citizens Jmp upped their price objective on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $226.00.

Nebius Group Stock Performance

The business has a fifty day moving average of $219.50 and a 200-day moving average of $177.45. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.82. The company has a market cap of $52.93 billion, a PE ratio of -6,970.34 and a beta of 4.23.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.67) by $0.55. The firm had revenue of $582.30 million during the quarter, compared to analysts’ expectations of $567.91 million. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The firm’s quarterly revenue was up 454% on a year-over-year basis. During the same period in the previous year, the company earned $2.38 earnings per share. Equities research analysts anticipate that Nebius Group N.V. will post -3.76 earnings per share for the current fiscal year.

Insider Transactions at Nebius Group

In related news, CRO Marc Boroditsky sold 10,776 shares of Nebius Group 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 $2,976,331.20. Following the completion of the transaction, the executive owned 26,886 shares in the company, valued at approximately $7,425,913.20. The trade was a 28.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles E. Ryan sold 50,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $265.53, for a total transaction of $13,276,500.00. Following the completion of the sale, the director directly owned 272,533 shares of the company’s stock, valued at approximately $72,365,687.49. This trade represents a 15.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 186,506 shares of company stock valued at $46,264,387.

Institutional Trading of Nebius Group

Several institutional investors have recently made changes to their positions in NBIS. Allied Private Wealth LLC acquired a new stake in shares of Nebius Group during the second quarter valued at about $25,000. Parkside Financial Bank & Trust purchased a new position in shares of Nebius Group during the 4th quarter valued at $25,000. Root Financial Partners LLC acquired a new stake in shares of Nebius Group in the fourth quarter worth about $26,000. SHP Wealth Management bought a new stake in Nebius Group during the 4th quarter valued at approximately $26,000. Finally, Sound Income Strategies LLC boosted its stake in Nebius Group by 62.5% during the first quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. 21.90% of the stock is owned by hedge funds and other institutional investors.

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.