Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price fell 8.5% during mid-day trading on Thursday . The stock traded as low as $21.58 and last traded at $22.38. 5,699,259 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 10,758,460 shares. The stock had previously closed at $24.45.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on NBIS shares. DA Davidson initiated coverage on shares of Nebius Group in a research note on Tuesday, February 25th. They set a "buy" rating and a $50.00 price objective on the stock. BWS Financial reiterated a "buy" rating and set a $60.00 price target on shares of Nebius Group in a research note on Tuesday, March 4th.
Read Our Latest Stock Analysis on NBIS
Nebius Group Price Performance
The firm has a market capitalization of $4.96 billion, a P/E ratio of -36.93 and a beta of 2.54. The company's 50 day moving average price is $31.47 and its 200 day moving average price is $27.39.
Institutional Trading of Nebius Group
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 disclosure with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter. 21.90% of the stock is currently owned by hedge funds and other institutional investors.
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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