Nebius Group (NASDAQ:NBIS) Trading Down 7% – Should You Sell?

by · The Markets Daily

Nebius Group N.V. (NASDAQ:NBIS – Get Free Report)’s share price was down 7% during mid-day trading on Friday . The stock traded as low as $86.20 and last traded at $87.69. Approximately 14,645,245 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 15,040,475 shares. The stock had previously closed at $94.28.

Analysts Set New Price Targets

Several equities analysts recently commented on NBIS shares. Wall Street Zen downgraded shares of Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. CICC Research started coverage on Nebius Group in a research note on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price target for the company. DA Davidson reiterated a “buy” rating and issued a $150.00 target price on shares of Nebius Group in a research note on Wednesday, November 12th. Seaport Res Ptn upgraded Nebius Group to a “hold” rating in a research report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nebius Group in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $144.71.

Read Our Latest Stock Analysis on NBIS

Nebius Group Stock Down 7.0%

The company’s 50-day simple moving average is $107.53 and its 200 day simple moving average is $79.05. The firm has a market capitalization of $22.08 billion, a PE ratio of -113.88 and a beta of 3.83.

Institutional Trading of Nebius Group

Institutional investors have recently made changes to their positions in the business. Orbis Allan Gray Ltd acquired a new stake in Nebius Group in the first quarter worth about $331,474,000. Accel Leaders 4 Associates L.P. acquired a new stake in Nebius Group in the 1st quarter worth approximately $96,704,000. Invesco Ltd. purchased a new stake in Nebius Group during the 1st quarter worth approximately $73,782,000. Fred Alger Management LLC acquired a new position in Nebius Group during the 1st quarter valued at approximately $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new position in Nebius Group during the 1st quarter valued at approximately $46,822,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

About Nebius Group

(Get Free Report)

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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