Nebius Group (NASDAQ:NBIS) Stock Price Down 1.4% – Time to Sell?

Nebius Group N.V. (NASDAQ:NBIS)’s share price was down 1.4% during trading on Monday . The company traded as low as $201.50 and last traded at $206.32. Approximately 10,476,914 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 18,008,652 shares. The stock had previously closed at $209.18.

Wall Street Analyst Weigh In

A number of analysts have commented on NBIS shares. Morgan Stanley boosted their price target 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. Citizens Jmp lifted their price objective on shares of Nebius Group from $175.00 to $270.00 and gave the company a “market outperform” rating in a report on Thursday, May 14th. Bank of America boosted their target price on shares of Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Northland Securities upped their target price on shares of Nebius Group from $248.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Finally, Robert W. Baird raised their price target on shares of Nebius Group from $250.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.00.

Nebius Group Stock Down 1.4%

The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.82. The stock’s 50-day simple moving average is $217.95 and its 200-day simple moving average is $178.27. The firm has a market capitalization of $52.20 billion, a P/E ratio of -6,875.04 and a beta of 4.23.

Nebius Group (NASDAQ:NBIS) last posted its earnings results on Thursday, August 13th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.67) by $0.55. The firm had revenue of $582.30 million for the quarter, compared to analysts’ expectations of $567.91 million. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The company’s quarterly revenue was up 454% compared to the same quarter last year. During the same quarter last year, the firm earned $2.38 EPS. As a group, research analysts predict that Nebius Group N.V. will post -3.76 earnings per share for the current fiscal year.

Insider Transactions at Nebius Group

In other news, CEO Arkadiy Volozh sold 46,627 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the completion of the transaction, the chief executive officer directly owned 821,662 shares of the company’s stock, valued at $193,460,317.90. This represents a 5.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Marc Boroditsky sold 10,776 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total transaction of $2,976,331.20. Following the sale, the executive owned 26,886 shares of the company’s stock, valued at approximately $7,425,913.20. The trade was a 28.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 186,506 shares of company stock valued at $46,264,387.

Institutional Investors Weigh In On Nebius Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LP grew its position in shares of Nebius Group by 47.5% in the second quarter. Corient Private Wealth LP now owns 10,388 shares of the company’s stock valued at $2,869,000 after purchasing an additional 3,344 shares in the last quarter. Amundi grew its holdings in Nebius Group by 49.0% during the 2nd quarter. Amundi now owns 2,002,187 shares of the company’s stock valued at $552,944,000 after buying an additional 658,233 shares in the last quarter. HighTower Advisors LLC grew its holdings in Nebius Group by 20.4% during the 2nd quarter. HighTower Advisors LLC now owns 26,175 shares of the company’s stock valued at $7,229,000 after buying an additional 4,431 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Nebius Group by 23,011.0% during the second quarter. California State Teachers Retirement System now owns 62,163,381 shares of the company’s stock valued at $17,167,661,000 after buying an additional 61,894,404 shares during the period. Finally, Alan B Lancz & Associates Inc. bought a new stake in shares of Nebius Group during the second quarter valued at about $276,000. 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.