Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price shot up 3.1% on Wednesday . The company traded as high as $24.47 and last traded at $23.39. 7,824,059 shares were traded during mid-day trading, a decline of 27% from the average session volume of 10,711,047 shares. The stock had previously closed at $22.69.
Analyst Ratings Changes
Several equities research analysts have recently commented on NBIS shares. BWS Financial reissued a "buy" rating and set a $60.00 target price on shares of Nebius Group in a research report on Tuesday, March 4th. DA Davidson began coverage on Nebius Group in a report on Tuesday, February 25th. They set a "buy" rating and a $50.00 price objective for the company.
Read Our Latest Stock Analysis on Nebius Group
Nebius Group Stock Down 4.7 %
The firm's 50-day simple moving average is $31.08 and its 200 day simple moving average is $27.35. The firm has a market cap of $4.72 billion, a P/E ratio of -35.19 and a beta of 2.54.
Hedge Funds Weigh In On Nebius Group
An institutional investor recently bought a new position in Nebius Group stock. GAMMA Investing LLC acquired a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,779 shares of the company's stock, valued at approximately $80,000. Institutional investors and hedge funds own 21.90% of the company's stock.
Nebius Group Company Profile
(
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.
Read More
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.
