Nebius Group (NASDAQ:NBIS) Trading Down 8.4% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) shares fell 8.4% during mid-day trading on Wednesday . The company traded as low as $78.44 and last traded at $82.39. 15,843,028 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 12,817,519 shares. The stock had previously closed at $89.95.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NBIS. Northland Securities upped their target price 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. Citizens Jmp assumed coverage on Nebius Group in a research note on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 price target on the stock. DA Davidson reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Nebius Group in a research note on Wednesday, November 12th. Morgan Stanley began coverage on Nebius Group in a report on Thursday, January 15th. They set an “equal weight” rating and a $126.00 price objective for the company. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $142.38.

Nebius Group Trading Down 8.4%

The firm has a market capitalization of $20.75 billion, a PE ratio of -107.00 and a beta of 3.90. The stock’s 50 day moving average price is $93.96 and its two-hundred day moving average price is $91.65.

Hedge Funds Weigh In On Nebius Group

Institutional investors have recently made changes to their positions in the stock. Hartford Investment Management Co. acquired a new stake in shares of Nebius Group during the fourth quarter valued at $214,000. Colonial River Investments LLC raised its stake in Nebius Group by 41.6% in the 4th quarter. Colonial River Investments LLC now owns 27,016 shares of the company’s stock valued at $2,261,000 after purchasing an additional 7,938 shares during the last quarter. Strengthening Families & Communities LLC acquired a new stake in shares of Nebius Group during the 4th quarter worth about $191,000. Maxi Investments CY Ltd acquired a new stake in shares of Nebius Group during the 4th quarter worth about $1,473,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Nebius Group by 11.5% during the fourth quarter. International Assets Investment Management LLC now owns 8,681 shares of the company’s stock worth $727,000 after buying an additional 895 shares in the last quarter. 21.90% of the stock is owned by institutional investors and hedge funds.

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.