Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares fell 1.5% during trading on Friday . The company traded as low as $23.95 and last traded at $24.08. 2,342,930 shares changed hands during trading, a decline of 78% from the average session volume of 10,431,207 shares. The stock had previously closed at $24.46.
Analysts Set New Price Targets
Several research analysts recently weighed in on NBIS shares. DA Davidson cut their target price on shares of Nebius Group from $50.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, April 14th. BWS Financial restated a "buy" rating and set a $60.00 price target on shares of Nebius Group in a research note on Tuesday, March 4th.
Check Out Our Latest Report on Nebius Group
Nebius Group Stock Performance
The stock has a market cap of $5.76 billion, a PE ratio of -42.95 and a beta of 2.54. The stock has a fifty day simple moving average of $26.49 and a two-hundred day simple moving average of $27.66.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC acquired a new stake in shares of Nebius Group during the first quarter worth approximately $152,000. Fifth Third Bancorp acquired a new position in shares of Nebius Group in the 1st quarter worth approximately $130,000. Exchange Traded Concepts LLC bought a new position in Nebius Group during the first quarter worth $2,621,000. Elevation Point Wealth Partners LLC acquired a new position in Nebius Group in the first quarter worth $324,000. Finally, SG Americas Securities LLC bought a new stake in Nebius Group during the first quarter valued at $3,415,000. Hedge funds and other institutional investors 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.
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
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
