Nebius Group (NASDAQ:NBIS) Trading Down 5.7% – Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS) shares dropped 5.7% during trading on Friday . The company traded as low as $82.00 and last traded at $83.54. Approximately 31,739,369 shares traded hands during trading, an increase of 115% from the average daily volume of 14,772,453 shares. The stock had previously closed at $88.63.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Northland Securities lifted their price objective on Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research note on Wednesday. BWS Financial reaffirmed a “buy” rating and set a $130.00 price target on shares of Nebius Group in a research report on Thursday. The Goldman Sachs Group reiterated a “buy” rating and issued a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. CICC Research assumed coverage on shares of Nebius Group in a research note on Tuesday. They issued an “outperform” rating and a $143.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Nebius Group in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $139.67.

Nebius Group Stock Down 5.7%

The business’s 50 day simple moving average is $109.61 and its 200 day simple moving average is $70.39. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. lifted its holdings in Nebius Group by 186.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock worth $1,652,000 after purchasing an additional 19,424 shares during the last quarter. Scientech Research LLC bought a new position in Nebius Group during the 1st quarter worth $869,000. MGO One Seven LLC bought a new position in Nebius Group during the 2nd quarter worth $255,000. Hardy Reed LLC acquired a new stake in shares of Nebius Group during the second quarter worth $365,000. Finally, Jump Financial LLC bought a new stake in shares of Nebius Group in the first quarter valued at about $10,362,000. 21.90% of the stock is owned by institutional investors and hedge funds.

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.