Nebius Group (NASDAQ:NBIS) Trading Down 6.4% – Time to Sell?

Nebius Group N.V. (NASDAQ:NBIS)’s share price was down 6.4% during trading on Friday . The company traded as low as $234.40 and last traded at $240.30. 12,976,720 shares were traded during trading, a decline of 20% from the average daily volume of 16,290,922 shares. The stock had previously closed at $256.63.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Citizens Jmp lifted their price objective on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 14th. Citigroup increased their target price on Nebius Group from $169.00 to $287.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Cantor Fitzgerald assumed coverage on shares of Nebius Group in a report on Thursday, April 9th. They issued an “overweight” rating and a $129.00 target price for the company. Bank of America raised their target price on shares of Nebius Group from $240.00 to $280.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, BNP Paribas Exane started coverage on shares of Nebius Group in a research report on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 price target on the stock. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nebius Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.25.

Nebius Group Stock Down 6.4%

The company has a market cap of $60.80 billion, a PE ratio of 77.52 and a beta of 4.03. The company has a fifty day moving average of $211.62 and a two-hundred day moving average of $139.75. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate 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 company had revenue of $399.00 million during the quarter, compared to analyst estimates of $375.13 million. Nebius Group’s revenue was up 684.0% compared to the same quarter last year. As a group, analysts anticipate that Nebius Group N.V. will post -1.91 earnings per share for the current fiscal year.

Insider Transactions at Nebius Group

In related news, CTO Danila Shtan sold 15,678 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $238.96, for a total transaction of $3,746,414.88. Following the transaction, the chief technology officer directly owned 291,700 shares in the company, valued at approximately $69,704,632. This represents a 5.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Marc Boroditsky sold 10,776 shares of the stock in a transaction dated 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 completion of the sale, the executive directly owned 26,886 shares in the company, valued at $7,425,913.20. This trade represents a 28.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 700,710 shares of company stock worth $132,153,501.

Institutional Trading of Nebius Group

Several institutional investors have recently added to or reduced their stakes in NBIS. Western Wealth Management LLC bought a new position in shares of Nebius Group during the first quarter valued at approximately $293,000. FAS Wealth Partners Inc. purchased a new stake in shares of Nebius Group in the first quarter worth approximately $284,000. Vestor Capital LLC raised its holdings in shares of Nebius Group by 456.5% in the first quarter. Vestor Capital LLC now owns 51,066 shares of the company’s stock worth $5,299,000 after buying an additional 41,890 shares during the period. SOA Wealth Advisors LLC. lifted its stake in shares of Nebius Group by 50.0% during the 1st quarter. SOA Wealth Advisors LLC. now owns 750 shares of the company’s stock worth $78,000 after acquiring an additional 250 shares during the last quarter. Finally, Rovida Investment Management Ltd lifted its stake in shares of Nebius Group by 3.6% during the 1st quarter. Rovida Investment Management Ltd now owns 1,893,647 shares of the company’s stock worth $196,333,000 after acquiring an additional 65,000 shares during the last quarter. Institutional investors own 21.90% of the company’s stock.

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.