Nebius Group (NASDAQ:NBIS) Trading Down 8.7% – What’s Next?

Shares of Nebius Group N.V. (NASDAQ:NBIS) dropped 8.7% on Friday . The company traded as low as $199.72 and last traded at $201.7160. 3,001,622 shares traded hands during trading, a decline of 82% from the average session volume of 16,473,441 shares. The stock had previously closed at $220.97.

Nebius Group News Roundup

Here are the key news stories impacting Nebius Group this week:

• Positive Sentiment: Nvidia’s 9.3% ownership disclosure has boosted sentiment by validating Nebius as a key AI infrastructure player and suggesting potential strategic advantages from the relationship. Nebius Group (NBIS) Draws Nvidia Backing, Is It Still Below Fair Value?
• Positive Sentiment: Nebius said it validated the first Vera Rubin NVL72 rack in Finland, highlighting early access to next-generation NVIDIA hardware and strengthening the company’s AI cloud credibility. Nebius validates first Vera Rubin NVL72 rack in Finland days after NVDA stake
• Positive Sentiment: Analysts have become more constructive, with upgrades from Robert W. Baird and Freedom Capital adding to the bullish momentum around the stock. Zacks.com
• Positive Sentiment: Commentary comparing Nebius with IREN framed Nebius as one of the leading neocloud names after strong quarterly results, keeping attention on its growth profile. IREN Vs Nebius: Which Neocloud Should You Buy and Why?

Analyst Ratings Changes

NBIS has been the subject of a number of recent analyst reports. Bank of America raised their price objective on Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Weiss Ratings raised shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Wall Street Zen raised Nebius Group from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research upgraded shares of Nebius Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Citizens Jmp upped their price objective on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 14th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $222.15.

Nebius Group Price Performance

The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $51.29 billion, a PE ratio of 66.45 and a beta of 4.10. The stock has a 50-day moving average price of $228.94 and a 200 day moving average price of $156.87.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.81) by $0.58. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business had revenue of $399.00 million for the quarter, compared to the consensus estimate of $375.13 million. The firm’s revenue was up 684.0% on a year-over-year basis. Equities analysts forecast that Nebius Group N.V. will post -1.91 EPS for the current fiscal year.

Insider Transactions at Nebius Group

In other Nebius Group news, CTO Danila Shtan sold 16,937 shares of Nebius Group stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $3,987,816.65. Following the sale, the chief technology officer owned 274,763 shares of the company’s stock, valued at $64,692,948.35. The trade was a 5.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Marc Boroditsky sold 10,776 shares of the company’s stock in a transaction 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 directly owned 26,886 shares of the company’s stock, valued at $7,425,913.20. The trade was a 28.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 668,405 shares of company stock worth $140,422,170 in the last quarter.

Hedge Funds Weigh In On Nebius Group

Several hedge funds and other institutional investors have recently modified their holdings of NBIS. Royal Bank of Canada acquired a new position in Nebius Group during the first quarter worth about $1,628,000. Millennium Management LLC purchased a new position in Nebius Group in the 1st quarter worth approximately $11,563,000. NewEdge Advisors LLC acquired a new position in shares of Nebius Group during the 1st quarter worth approximately $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Nebius Group during the 1st quarter worth approximately $9,084,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Nebius Group in the second quarter valued at approximately $68,000. 21.90% of the stock is owned by hedge funds and other 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.