Nebius Group (NASDAQ:NBIS) Trading Down 5.1% - Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) fell 5.1% during mid-day trading on Friday . The stock traded as low as $23.83 and last traded at $24.10. 4,049,135 shares were traded during trading, a decline of 61% from the average session volume of 10,429,127 shares. The stock had previously closed at $25.41.

Analyst Upgrades and Downgrades

NBIS has been the subject of a number of recent analyst reports. DA Davidson initiated coverage on Nebius Group in a report on Tuesday, February 25th. They issued a "buy" rating and a $50.00 price objective for the company. BWS Financial reissued a "buy" rating and issued a $60.00 price target on shares of Nebius Group in a research note on Tuesday, March 4th.

Nebius Group Price Performance

The company has a 50-day moving average price of $33.23. The company has a market cap of $4.97 billion, a P/E ratio of -37.04 and a beta of 2.47.

Institutional Investors Weigh In On Nebius Group

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 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 343,130 shares of the company's stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned 0.15% of Nebius Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 21.90% of the company's stock.

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About Nebius Group

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.