Nebius Group (NASDAQ:NBIS) Stock Price Down 2.9% – Should You Sell?

by · The Cerbat Gem

Nebius Group N.V. (NASDAQ:NBIS – Get Free Report)’s share price fell 2.9% on Wednesday . The stock traded as low as $92.20 and last traded at $93.59. 9,651,919 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 15,058,308 shares. The stock had previously closed at $96.41.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NBIS shares. Weiss Ratings restated a “hold (c-)” rating on shares of Nebius Group in a report on Monday. The Goldman Sachs Group reissued a “buy” rating and set a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. Seaport Res Ptn raised Nebius Group to a “hold” rating in a research report on Monday, September 15th. DA Davidson reaffirmed a “buy” rating and set a $150.00 price target on shares of Nebius Group in a research note on Wednesday, November 12th. Finally, CICC Research assumed coverage on Nebius Group in a research note on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $144.71.

View Our Latest Stock Analysis on NBIS

Nebius Group Stock Down 2.9%

The firm has a 50-day moving average price of $108.60 and a two-hundred day moving average price of $78.84. The company has a market capitalization of $23.57 billion, a P/E ratio of -121.55 and a beta of 3.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP boosted its stake in Nebius Group by 37.3% in the 3rd quarter. Allworth Financial LP now owns 4,115 shares of the company’s stock valued at $462,000 after buying an additional 1,118 shares in the last quarter. IFP Advisors Inc raised its stake in Nebius Group by 152.7% during the third quarter. IFP Advisors Inc now owns 10,273 shares of the company’s stock worth $1,153,000 after acquiring an additional 6,208 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Nebius Group during the third quarter valued at $5,705,000. Sunbelt Securities Inc. acquired a new stake in shares of Nebius Group in the 3rd quarter valued at $54,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Nebius Group in the 3rd quarter valued at $596,000. 21.90% of the stock is owned by institutional investors.

Nebius Group Company Profile

(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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