Nebius Group (NASDAQ:NBIS) Stock Price Down 7.5% – Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS) shares were down 7.5% during trading on Monday . The company traded as low as $80.06 and last traded at $81.14. Approximately 16,854,112 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 15,054,150 shares. The stock had previously closed at $87.69.

Analysts Set New Price Targets

A number of research firms recently commented on NBIS. CICC Research started coverage on Nebius Group in a report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price target for the company. DA Davidson reaffirmed a “buy” rating and set a $150.00 price target on shares of Nebius Group in a research report on Wednesday, November 12th. The Goldman Sachs Group reiterated a “buy” rating and set a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. Citizens Jmp began coverage on shares of Nebius Group in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 price objective for the company. Finally, Wall Street Zen cut shares of Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Nebius Group presently has an average rating of “Buy” and a consensus price target of $144.71.

Nebius Group Trading Down 6.8%

The company’s 50-day simple moving average is $105.11 and its 200-day simple moving average is $80.56. The stock has a market capitalization of $19.00 billion, a price-to-earnings ratio of -97.99 and a beta of 3.83.

Institutional Trading of Nebius Group

Several institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG acquired a new position in shares of Nebius Group in the 1st quarter worth approximately $3,217,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Nebius Group during the 1st quarter worth about $443,000. Aberdeen Group plc bought a new position in shares of Nebius Group in the 1st quarter worth about $1,121,000. Hsbc Holdings PLC acquired a new position in shares of Nebius Group in the 1st quarter valued at about $3,330,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new position in shares of Nebius Group in the 1st quarter valued at about $46,822,000. 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.