Nebius Group (NASDAQ:NBIS) Stock Price Down 3.9% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS) traded down 3.9% on Friday . The stock traded as low as $86.74 and last traded at $87.59. 6,102,626 shares were traded during mid-day trading, a decline of 59% from the average session volume of 14,925,859 shares. The stock had previously closed at $91.13.

Analysts Set New Price Targets

Several research analysts recently commented on NBIS shares. Northland Securities increased their price objective on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Wall Street Zen cut shares of Nebius Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Citizens Jmp started coverage on shares of Nebius Group in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 price target on the stock. CICC Research initiated coverage on shares of Nebius Group in a report on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price objective for the company. Finally, The Goldman Sachs Group restated a “buy” rating and set a $120.00 target price on shares of Nebius Group in a report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $144.71.

Nebius Group Trading Down 3.9%

The firm’s fifty day simple moving average is $98.83 and its two-hundred day simple moving average is $82.68. The company has a market capitalization of $22.06 billion, a price-to-earnings ratio of -113.75 and a beta of 3.83.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NBIS. Signaturefd LLC raised its holdings in shares of Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after buying an additional 250 shares during the period. SJS Investment Consulting Inc. acquired a new position in Nebius Group in the 2nd quarter valued at about $31,000. Assetmark Inc. increased its stake in Nebius Group by 102.0% during the second quarter. Assetmark Inc. now owns 602 shares of the company’s stock worth $33,000 after purchasing an additional 304 shares during the period. LRI Investments LLC lifted its position in shares of Nebius Group by 85.4% during the second quarter. LRI Investments LLC now owns 673 shares of the company’s stock worth $37,000 after purchasing an additional 310 shares in the last quarter. Finally, ORG Partners LLC boosted its stake in shares of Nebius Group by 369.1% in the second quarter. ORG Partners LLC now owns 760 shares of the company’s stock valued at $39,000 after purchasing an additional 598 shares during the period. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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.