Nebius Group (NASDAQ:NBIS) Trading Down 3.3% – Time to Sell?

Nebius Group N.V. (NASDAQ:NBIS)’s share price traded down 3.3% during trading on Tuesday . The company traded as low as $84.72 and last traded at $88.88. 14,842,063 shares were traded during trading, a decline of 3% from the average session volume of 15,239,519 shares. The stock had previously closed at $91.90.

Analyst Upgrades and Downgrades

NBIS has been the topic of a number of research analyst reports. BWS Financial reiterated a “buy” rating and set a $130.00 target price on shares of Nebius Group in a research report on Thursday, November 13th. CICC Research started coverage on Nebius Group in a research note on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nebius Group in a research report on Monday. The Goldman Sachs Group reissued a “buy” rating and issued a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. Finally, DA Davidson reissued a “buy” rating and issued a $150.00 target price on shares of Nebius Group in a research report on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Nebius Group has an average rating of “Buy” and an average target price of $144.71.

Nebius Group Stock Performance

The company has a market capitalization of $20.95 billion, a price-to-earnings ratio of -115.43 and a beta of 3.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The firm’s 50 day simple moving average is $110.13 and its 200-day simple moving average is $74.13.

Hedge Funds Weigh In On Nebius Group

A number of institutional investors and hedge funds have recently bought and sold shares of NBIS. CIBC Bancorp USA Inc. acquired a new stake in Nebius Group in the 3rd quarter valued at $5,705,000. Sunbelt Securities Inc. acquired a new stake in Nebius Group in the third quarter worth about $54,000. Coldstream Capital Management Inc. acquired a new stake in shares of Nebius Group during the 3rd quarter worth approximately $596,000. Danske Bank A S bought a new stake in shares of Nebius Group during the 3rd quarter valued at $11,084,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Nebius Group by 5,938.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 19,022 shares of the company’s stock valued at $2,136,000 after buying an additional 18,707 shares during the period. 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.