Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) dropped 9.1% during trading on Wednesday . The stock traded as low as $24.43 and last traded at $24.71. Approximately 8,348,866 shares changed hands during trading, a decline of 19% from the average daily volume of 10,302,914 shares. The stock had previously closed at $27.17.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. BWS Financial restated a "buy" rating and set a $60.00 target price on shares of Nebius Group in a research note on Tuesday, March 4th. DA Davidson assumed coverage on Nebius Group in a research note on Tuesday, February 25th. They issued a "buy" rating and a $50.00 price objective for the company.
View Our Latest Stock Report on Nebius Group
Nebius Group Price Performance
The business's fifty day moving average is $33.23. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of -39.14 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. bought a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 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 owned by institutional investors and hedge funds.
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.
Featured Stories
Before you consider Nebius Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nebius Group wasn't on the list.
While Nebius Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
