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Nebius Group (NASDAQ:NBIS) Trading Down 5.3% - Here's Why

Nebius Group logo with Computer and Technology background
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Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares traded down 5.3% on Monday . The company traded as low as $20.72 and last traded at $21.12. 6,274,783 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 10,622,128 shares. The stock had previously closed at $22.31.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NBIS shares. DA Davidson began coverage on Nebius Group in a report on Tuesday, February 25th. They set a "buy" rating and a $50.00 price objective for the company. BWS Financial restated a "buy" rating and set a $60.00 price target on shares of Nebius Group in a research note on Tuesday, March 4th.

View Our Latest Stock Report on Nebius Group

Nebius Group Price Performance

The firm's 50-day moving average price is $32.34 and its 200-day moving average price is $27.40. The company has a market cap of $5.13 billion, a price-to-earnings ratio of -38.19 and a beta of 2.47.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nebius Group stock. Centaurus Financial Inc. bought a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 343,130 shares of the company's stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned approximately 0.15% of Nebius Group as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 21.90% of the company's stock.

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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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