Nebius Group (NASDAQ:NBIS) Shares Gap Down - Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $24.45, but opened at $21.60. Nebius Group shares last traded at $22.96, with a volume of 3,207,372 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. BWS Financial reiterated a "buy" rating and issued a $60.00 target price on shares of Nebius Group in a report on Tuesday, March 4th. DA Davidson began coverage on shares of Nebius Group in a research report on Tuesday, February 25th. They set a "buy" rating and a $50.00 price objective on the stock.

Nebius Group Trading Up 3.7 %

The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of -36.93 and a beta of 2.54. The stock has a 50-day simple moving average of $31.57 and a 200 day simple moving average of $27.37.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nebius Group stock. Centaurus Financial Inc. acquired a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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. 21.90% of the stock is owned by hedge funds and other institutional investors.

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Nebius Group Company Profile

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.