Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $21.11, but opened at $21.66. Nebius Group shares last traded at $20.98, with a volume of 2,358,341 shares changing hands.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. BWS Financial restated a "buy" rating and set a $60.00 price objective on shares of Nebius Group in a research report on Tuesday, March 4th. DA Davidson initiated coverage on shares of Nebius Group in a research note on Tuesday, February 25th. They issued a "buy" rating and a $50.00 price target on the stock.
View Our Latest Stock Analysis on NBIS
Nebius Group Stock Performance
The company has a market cap of $4.78 billion, a price-to-earnings ratio of -35.60 and a beta of 2.54. The company has a fifty day moving average of $31.57 and a two-hundred day moving average of $27.32.
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 shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 343,130 shares of the company's stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned 0.15% of Nebius Group at the end of the most recent reporting period. 21.90% of the stock is currently 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.
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