Nebius Group (NASDAQ:NBIS) Shares Down 5.5% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price traded down 5.5% during trading on Thursday . The stock traded as low as $91.16 and last traded at $94.91. 13,253,564 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 12,651,952 shares. The stock had previously closed at $100.43.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Northland Securities increased their price target on Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Morgan Stanley initiated coverage on shares of Nebius Group in a research note on Thursday, January 15th. They set an “equal weight” rating and a $126.00 target price on the stock. 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 price target on the stock. Wall Street Zen cut shares of Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, BWS Financial restated a “buy” rating and issued a $130.00 target price on shares of Nebius Group in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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 firm has a 50 day moving average of $94.01 and a 200-day moving average of $90.62.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NBIS. Signaturefd LLC grew its holdings in Nebius Group by 125.0% during the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Nebius Group by 73.8% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $28,000 after buying an additional 141 shares during the period. Armstrong Advisory Group Inc. grew its stake in Nebius Group by 500.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Assetmark Inc. grew its stake in Nebius Group by 102.0% in the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock valued at $33,000 after buying an additional 304 shares during the last quarter. Finally, LRI Investments LLC raised its holdings in Nebius Group by 85.4% in the 2nd quarter. LRI Investments LLC now owns 673 shares of the company’s stock worth $37,000 after acquiring an additional 310 shares during the period. Institutional investors and hedge funds 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.