Nebius Group (NASDAQ:NBIS) Stock Price Down 3.9% - Here's Why

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares fell 3.9% on Monday . The stock traded as low as $27.10 and last traded at $27.63. 3,983,669 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 10,368,857 shares. The stock had previously closed at $28.75.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NBIS. DA Davidson began coverage on shares of Nebius Group in a research report on Tuesday, February 25th. They issued a "buy" rating and a $50.00 price target for the company. BWS Financial reaffirmed a "buy" rating and issued a $60.00 price target on shares of Nebius Group in a research report on Tuesday, March 4th.

Nebius Group Trading Down 5.1 %

The firm has a 50-day moving average of $34.45. The firm has a market capitalization of $6.16 billion, a PE ratio of -45.91 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. bought 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 343,130 shares of the company's stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned about 0.15% of Nebius Group as of its most recent SEC filing. 21.90% of the stock is owned by hedge funds and other institutional investors.

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Nebius Group Company Profile

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.