Nebius Group (NASDAQ:NBIS) Trading Down 10.2% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) was down 10.2% during trading on Friday . The company traded as low as $84.12 and last traded at $85.19. Approximately 18,069,885 shares were traded during trading, an increase of 40% from the average daily volume of 12,930,465 shares. The stock had previously closed at $94.91.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NBIS. DA Davidson reissued a “buy” rating and set a $150.00 price target on shares of Nebius Group in a report on Wednesday, November 12th. Wall Street Zen lowered shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Northland Securities lifted their price target on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Citizens Jmp assumed coverage on Nebius Group in a report on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 price target for the company. Finally, Morgan Stanley assumed coverage on Nebius Group in a research report on Thursday, January 15th. They issued an “equal weight” rating and a $126.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $142.38.

Nebius Group Stock Performance

The stock has a market capitalization of $21.45 billion, a PE ratio of -110.64 and a beta of 4.00. The stock’s 50 day moving average is $94.01 and its two-hundred day moving average is $90.88.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Harbor Advisors LLC raised its position in shares of Nebius Group by 0.4% in the third quarter. Harbor Advisors LLC now owns 27,600 shares of the company’s stock valued at $3,099,000 after buying an additional 100 shares during the last quarter. SOA Wealth Advisors LLC. grew its stake in Nebius Group by 38.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock valued at $51,000 after acquiring an additional 125 shares in the last quarter. Keybank National Association OH raised its holdings in Nebius Group by 5.7% in the 4th quarter. Keybank National Association OH now owns 2,584 shares of the company’s stock valued at $216,000 after acquiring an additional 140 shares during the last quarter. Blue Trust Inc. lifted its stake in Nebius Group by 73.8% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 141 shares in the last quarter. Finally, WealthCare Investment Partners LLC boosted its holdings in shares of Nebius Group by 6.2% during the 4th quarter. WealthCare Investment Partners LLC now owns 2,589 shares of the company’s stock worth $233,000 after purchasing an additional 150 shares during the last quarter. 21.90% of the stock is owned by institutional investors and hedge funds.

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.