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

Nebius Group N.V. (NASDAQ:NBIS) gapped down prior to trading on Monday . The stock had previously closed at $224.55, but opened at $204.98. Nebius Group shares last traded at $215.0490, with a volume of 4,126,104 shares.

Wall Street Analysts Forecast Growth

NBIS has been the subject of several analyst reports. BNP Paribas Exane began coverage on Nebius Group in a report on Tuesday, June 2nd. They set a “neutral” rating and a $255.00 price target for the company. Zacks Research cut shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Northland Securities increased their price objective on shares of Nebius Group from $248.00 to $410.00 and gave the company an “outperform” rating in a research report on Monday, July 20th. Citigroup raised their price objective on shares of Nebius Group from $278.00 to $324.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Robert W. Baird lifted their target price on shares of Nebius Group from $250.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Nebius Group currently has an average rating of “Moderate Buy” and an average target price of $234.60.

Nebius Group Trading Down 5.4%

The company has a market cap of $53.74 billion, a P/E ratio of -7,094.84 and a beta of 4.23. The stock’s 50-day moving average is $211.89 and its two-hundred day moving average is $186.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.03 and a quick ratio of 4.03.

Nebius Group (NASDAQ:NBIS) last issued its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.67) by $0.55. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The company had revenue of $582.30 million for the quarter, compared to analysts’ expectations of $567.91 million. During the same quarter last year, the company posted $2.38 earnings per share. The firm’s quarterly revenue was up 454% on a year-over-year basis. As a group, equities 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 related news, CEO Arkadiy Volozh sold 46,627 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the completion of the sale, the chief executive officer owned 821,662 shares in the company, valued at approximately $193,460,317.90. This represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles E. Ryan sold 50,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $265.53, for a total value of $13,276,500.00. Following the sale, the director owned 272,533 shares of the company’s stock, valued at approximately $72,365,687.49. This trade represents a 15.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 153,201 shares of company stock worth $37,744,854.

Institutional Investors Weigh In On Nebius Group

A number of large investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in shares of Nebius Group by 23,011.0% in the second quarter. California State Teachers Retirement System now owns 62,163,381 shares of the company’s stock worth $17,167,661,000 after buying an additional 61,894,404 shares during the last quarter. Orbis Allan Gray Ltd increased its holdings in Nebius Group by 12.4% during the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock valued at $976,681,000 after buying an additional 1,949,708 shares during the last quarter. BlackRock Inc. increased its holdings in Nebius Group by 16.0% during the second quarter. BlackRock Inc. now owns 11,531,270 shares of the company’s stock valued at $3,184,591,000 after buying an additional 1,593,684 shares during the last quarter. Situational Awareness LP purchased a new stake in Nebius Group during the second quarter valued at approximately $1,232,895,000. Finally, Jennison Associates LLC raised its position in Nebius Group by 134.3% in the second quarter. Jennison Associates LLC now owns 3,983,899 shares of the company’s stock worth $1,100,233,000 after acquiring an additional 2,283,676 shares during the period. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Company Profile

Nebius Group N.V. (NASDAQ: NBIS) is a technology company focused on artificial intelligence infrastructure and related services. Its principal business is Nebius AI, a cloud platform that provides computing, storage, networking and managed infrastructure designed to support the development and deployment of AI applications, including access to accelerated computing resources.

The company also operates or develops businesses in adjacent technology markets. These include Toloka, which provides data and evaluation services for machine-learning systems; TripleTen, an online education platform offering technology-focused training; and Avride, a developer of autonomous driving and delivery technologies.