Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares rose 7.8% on Monday . The stock traded as high as $28.84 and last traded at $29.08. Approximately 3,866,504 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 10,294,346 shares. The stock had previously closed at $26.98.
Analyst Ratings Changes
A number of brokerages recently weighed in on NBIS. DA Davidson assumed coverage on shares of Nebius Group in a report on Tuesday, February 25th. They issued a "buy" rating and a $50.00 price target for the company. BWS Financial reiterated a "buy" rating and issued a $60.00 price objective on shares of Nebius Group in a research report on Tuesday, March 4th.
Read Our Latest Stock Report on NBIS
Nebius Group Price Performance
The firm's fifty day moving average price is $33.75. The stock has a market cap of $5.72 billion, a P/E ratio of -42.63 and a beta of 2.47.
Institutional Investors Weigh In On Nebius Group
An institutional investor recently bought a new position in Nebius Group stock. Centaurus Financial Inc. purchased a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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. Institutional investors own 21.90% of the company's stock.
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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