Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price rose 7.8% during mid-day trading on Monday . The stock traded as high as $28.84 and last traded at $29.08. Approximately 3,866,504 shares were traded 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.
Analysts Set New Price Targets
NBIS has been the subject of a number of analyst reports. BWS Financial reissued a "buy" rating and issued a $60.00 price objective on shares of Nebius Group in a research report on Tuesday, March 4th. DA Davidson assumed coverage on shares of Nebius Group in a research report on Tuesday, February 25th. They issued a "buy" rating and a $50.00 target price for the company.
Read Our Latest Report on Nebius Group
Nebius Group Trading Down 12.2 %
The company has a market cap of $5.25 billion, a PE ratio of -39.14 and a beta of 2.47. The stock has a fifty day moving average price of $33.23.
Institutional Trading of Nebius Group
A hedge fund recently bought a new stake in Nebius Group stock. Centaurus Financial Inc. acquired a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 343,130 shares of the company's stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned approximately 0.15% of Nebius Group at the end of the most recent quarter. Institutional investors and hedge funds 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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