Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price traded down 5.3% during trading on Monday . The company traded as low as $20.72 and last traded at $21.12. 6,274,783 shares changed hands during trading, a decline of 41% from the average session volume of 10,622,128 shares. The stock had previously closed at $22.31.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on NBIS shares. DA Davidson initiated coverage on 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 restated a "buy" rating and issued a $60.00 target price on shares of Nebius Group in a report on Tuesday, March 4th.
Read Our Latest Research Report on Nebius Group
Nebius Group Trading Down 6.8 %
The company's 50 day simple moving average is $31.57 and its 200 day simple moving average is $27.32. The stock has a market capitalization of $4.78 billion, a PE ratio of -35.60 and a beta of 2.54.
Hedge Funds Weigh In On Nebius Group
A hedge fund recently bought a new stake in Nebius Group stock. Centaurus Financial Inc. acquired a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 343,130 shares of the company's stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned about 0.15% of Nebius Group at the end of the most recent reporting period. 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.
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