Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) dropped 7.4% during trading on Tuesday . The stock traded as low as $26.22 and last traded at $26.21. Approximately 3,573,382 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 10,346,327 shares. The stock had previously closed at $28.29.
Analyst Ratings Changes
NBIS has been the subject of several recent research reports. BWS Financial reissued a "buy" rating and issued a $60.00 target price on shares of Nebius Group in a research report on Tuesday, March 4th. DA Davidson assumed coverage on shares of Nebius Group in a research report on Tuesday, February 25th. They issued a "buy" rating and a $50.00 target price for the company.
Read Our Latest Report on NBIS
Nebius Group Price Performance
The firm has a 50 day simple moving average of $34.32. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of -47.33 and a beta of 2.47.
Institutional Trading of Nebius Group
An institutional investor recently bought a new position in Nebius Group stock. Centaurus Financial Inc. acquired a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 343,130 shares of the company's stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned about 0.15% of Nebius Group at the end of the most recent quarter. 21.90% of the stock is currently 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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