Nebius Group (NASDAQ:NBIS) Stock Price Down 1.1% – Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS) shares fell 1.1% on Monday . The stock traded as low as $278.00 and last traded at $283.61. Approximately 14,539,100 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 16,319,654 shares. The stock had previously closed at $286.69.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. DA Davidson lowered shares of Nebius Group from a “buy” rating to a “neutral” rating and boosted their price target for the company from $200.00 to $250.00 in a research report on Monday, May 18th. BWS Financial upped their price target on shares of Nebius Group from $130.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Citizens Jmp raised their price objective on shares of Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a report on Thursday, May 14th. Finally, Morgan Stanley lifted their price objective on shares of Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a research note on Thursday, May 14th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $203.25.

Nebius Group Stock Performance

The stock has a market capitalization of $71.76 billion, a PE ratio of 91.49 and a beta of 4.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33. The business’s fifty day moving average price is $200.60 and its 200-day moving average price is $134.26.

Nebius Group (NASDAQ:NBIS) last posted its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.54. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business had revenue of $399.00 million for the quarter, compared to analyst estimates of $375.13 million. The business’s revenue for the quarter was up 684.0% compared to the same quarter last year. As a group, equities research analysts expect that Nebius Group N.V. will post -1.91 EPS for the current year.

Insider Buying and Selling at Nebius Group

In related news, insider Andrey Korolenko sold 500,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $203.24, for a total transaction of $101,620,000.00. Following the completion of the transaction, the insider directly owned 585,209 shares in the company, valued at $118,937,877.16. The trade was a 46.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Danila Shtan sold 15,678 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $238.96, for a total value of $3,746,414.88. Following the completion of the transaction, the chief technology officer owned 291,700 shares in the company, valued at $69,704,632. This represents a 5.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 700,710 shares of company stock valued at $132,153,501 over the last 90 days.

Hedge Funds Weigh In On Nebius Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC grew its position in Nebius Group by 62.5% in the first quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Caldwell Trust Co purchased a new stake in Nebius Group during the first quarter valued at about $31,000. Parkside Financial Bank & Trust bought a new stake in Nebius Group during the fourth quarter worth about $25,000. SHP Wealth Management bought a new stake in Nebius Group during the fourth quarter worth about $26,000. Finally, Root Financial Partners LLC purchased a new position in shares of Nebius Group in the 4th quarter worth about $26,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

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.