Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price was down 6.9% during trading on Tuesday . The stock traded as low as $27.57 and last traded at $27.16. Approximately 4,349,662 shares changed hands during trading, a decline of 58% from the average daily volume of 10,346,902 shares. The stock had previously closed at $29.19.
Analysts Set New Price Targets
A number of analysts have commented on NBIS shares. DA Davidson initiated 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. BWS Financial restated a "buy" rating and set a $60.00 price objective on shares of Nebius Group in a research note on Tuesday, March 4th.
View Our Latest Stock Report on Nebius Group
Nebius Group Stock Down 12.2 %
The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of -39.14 and a beta of 2.47. The business has a 50-day moving average price of $33.23.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Nebius Group stock. Centaurus Financial Inc. purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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. Hedge funds and other 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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