Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $24.71, but opened at $23.40. Nebius Group shares last traded at $24.24, with a volume of 5,399,000 shares trading hands.
Analysts Set New Price Targets
A number of brokerages have commented on NBIS. 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 assumed coverage on shares of Nebius Group in a research note on Tuesday, February 25th. They issued a "buy" rating and a $50.00 target price for the company.
View Our Latest Research Report on Nebius Group
Nebius Group Stock Performance
The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of -39.14 and a beta of 2.47. The business has a fifty day moving average price of $33.23.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Nebius Group stock. Centaurus Financial Inc. bought a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 reporting period. 21.90% of the stock is owned by 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.
Further Reading
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
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
