Nebius Group (NASDAQ:NBIS) Trading Down 11% - Should You Sell?
Nebius Group (NASDAQ:NBIS) shares fell 11% to $84.64, with trading volume up 130% from average. Analysts have mixed ratings, with a consensus "Buy" and a target price of $144.71. The company, valued at $19.95 billion, focuses on AI and machine learning solutions. Institutional investors hold 21.90% of shares. Despite the drop, analysts suggest potential growth due to AI partnerships.
Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price traded down 11% on Thursday . The stock traded as low as $84.21 and last traded at $84.64. 34,502,570 shares were traded during mid-day trading, an increase of 130% from the average session volume of 14,986,527 shares. The stock had previously closed at $95.07.
Analyst Ratings Changes
- Nebius Partners With Meta—AI Growth Could Send Stock to New Highs
Several analysts have weighed in on NBIS shares. Citizens Jmp began coverage on Nebius Group in a report on Wednesday. They issued a "market outperform" rating and a $175.00 price target on the stock. CICC Research initiated coverage on Nebius Group in a research report on Tuesday, November 11th. They set an "outperform" rating and a $143.00 price target on the stock. Seaport Res Ptn raised shares of Nebius Group to a "hold" rating in a research note on Monday, September 15th. DA Davidson reiterated a "buy" rating and issued a $150.00 price target on shares of Nebius Group in a report on Wednesday, November 12th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Nebius Group in a research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Nebius Group presently has an average rating of "Buy" and an average target price of $144.71.
Check Out Our Latest Stock Analysis on Nebius Group
Nebius Group Stock Performance
- 5 AI Infrastructure Stocks Enabling the Next Wave of Growth
The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $19.95 billion, a PE ratio of -109.92 and a beta of 3.29. The business's fifty day moving average is $110.34 and its two-hundred day moving average is $72.53.
Hedge Funds Weigh In On Nebius Group
Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in shares of Nebius Group in the first quarter worth approximately $462,000. Envestnet Asset Management Inc. bought a new position in shares of Nebius Group in the first quarter worth about $2,046,000. IFP Advisors Inc bought a new stake in shares of Nebius Group during the first quarter valued at approximately $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Nebius Group in the 1st quarter worth $1,748,000. Finally, Vestor Capital LLC bought a new position in Nebius Group during the first quarter valued at approximately $2,833,000. 21.90% of the stock is owned by institutional investors.
About Nebius Group
(Get Free Report)- Oracle’s AI Profits Look Slim—Are NBIS and CRWV at Risk Too?
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.
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