Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $20.73, but opened at $21.31. Nebius Group shares last traded at $21.10, with a volume of 977,320 shares trading hands.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on NBIS. DA Davidson cut their price objective on shares of Nebius Group from $50.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday. BWS Financial reiterated a "buy" rating and set a $60.00 price objective on shares of Nebius Group in a research report on Tuesday, March 4th.
View Our Latest Stock Report on Nebius Group
Nebius Group Price Performance
The firm has a market cap of $5.07 billion, a price-to-earnings ratio of -37.77 and a beta of 2.54. The firm's fifty day moving average is $28.96 and its two-hundred day moving average is $27.39.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Centaurus Financial Inc. bought a new stake in Nebius Group during the fourth quarter worth approximately $9,505,000. SG Americas Securities LLC acquired a new position in shares of Nebius Group during the 1st quarter valued at $3,415,000. TB Alternative Assets Ltd. acquired a new position in shares of Nebius Group during the 1st quarter valued at $2,957,000. Exchange Traded Concepts LLC bought a new stake in shares of Nebius Group in the 1st quarter worth $2,621,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of Nebius Group in the first quarter valued at $1,196,000. 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.
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
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
