Nebius Group (NASDAQ:NBIS) Shares Down 3.9% – Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price dropped 3.9% during mid-day trading on Tuesday . The stock traded as low as $96.10 and last traded at $96.41. Approximately 9,963,244 shares changed hands during trading, a decline of 34% from the average daily volume of 15,080,880 shares. The stock had previously closed at $100.33.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Seaport Res Ptn upgraded Nebius Group to a “hold” rating in a research note on Monday, September 15th. BWS Financial reissued a “buy” rating and set a $130.00 price objective on shares of Nebius Group in a report on Thursday, November 13th. Northland Securities upped their price objective on shares of Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. CICC Research initiated coverage on shares of Nebius Group in a research report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 target price for the company. Finally, Wall Street Zen cut shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $144.71.

Nebius Group Trading Up 0.7%

The stock has a fifty day moving average of $107.53 and a two-hundred day moving average of $79.05. The company has a market capitalization of $23.74 billion, a PE ratio of -122.44 and a beta of 3.83.

Institutional Investors Weigh In On Nebius Group

A number of hedge funds have recently made changes to their positions in the business. Allworth Financial LP boosted its stake in shares of Nebius Group by 37.3% in the 3rd quarter. Allworth Financial LP now owns 4,115 shares of the company’s stock valued at $462,000 after purchasing an additional 1,118 shares in the last quarter. IFP Advisors Inc lifted its stake in Nebius Group by 152.7% in the third quarter. IFP Advisors Inc now owns 10,273 shares of the company’s stock worth $1,153,000 after purchasing an additional 6,208 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Nebius Group during the third quarter valued at about $5,705,000. Sunbelt Securities Inc. purchased a new stake in Nebius Group during the third quarter valued at about $54,000. Finally, Coldstream Capital Management Inc. bought a new position in shares of Nebius Group during the third quarter valued at about $596,000. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Company Profile

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.