Nebius Group (NASDAQ:NBIS) Shares Down 4.6% – Should You Sell?

Shares of Nebius Group N.V. (NASDAQ:NBIS) dropped 4.6% during mid-day trading on Tuesday . The company traded as low as $83.53 and last traded at $86.80. Approximately 9,961,069 shares changed hands during trading, a decline of 26% from the average daily volume of 13,414,507 shares. The stock had previously closed at $91.01.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NBIS shares. Wall Street Zen downgraded Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. CICC Research began 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. BWS Financial restated a “buy” rating and issued a $130.00 price target on shares of Nebius Group in a report on Tuesday, February 17th. Compass Point began coverage on shares of Nebius Group in a research report on Wednesday, February 18th. They set a “buy” rating and a $150.00 price target on the stock. Finally, Weiss Ratings lowered shares of Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.22.

Nebius Group Stock Performance

The firm has a market cap of $21.86 billion, a price-to-earnings ratio of -59.45 and a beta of 3.90. The company has a quick ratio of 6.57, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The company has a 50 day moving average of $94.99 and a 200 day moving average of $96.58.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.27). Nebius Group had a negative return on equity of 11.70% and a net margin of 19.02%.The firm had revenue of $227.70 million during the quarter, compared to analyst estimates of $246.05 million. As a group, equities research analysts expect that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Nebius Group

Large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its holdings in Nebius Group by 78.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 33,976 shares of the company’s stock worth $2,844,000 after purchasing an additional 14,954 shares during the period. CFO Capital Management LLC bought a new position in shares of Nebius Group in the 4th quarter worth about $1,943,000. Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of Nebius Group in the 4th quarter valued at about $345,000. Virtu Financial LLC grew its position in shares of Nebius Group by 350.2% during the 4th quarter. Virtu Financial LLC now owns 40,609 shares of the company’s stock valued at $3,399,000 after buying an additional 31,588 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Nebius Group by 12.6% during the fourth quarter. Invesco Ltd. now owns 2,731,790 shares of the company’s stock worth $228,664,000 after acquiring an additional 305,007 shares during the period. 21.90% of the stock is currently owned by institutional investors.

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.