Nebius Group (NASDAQ:NBIS) Shares Down 6.9% - Should You Sell?

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) were 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 were traded during trading, a decline of 58% from the average daily volume of 10,346,902 shares. The stock had previously closed at $29.19.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NBIS. BWS Financial reiterated a "buy" rating and set a $60.00 target price on shares of Nebius Group in a research report on Tuesday, March 4th. DA Davidson began coverage on shares of Nebius Group in a research report on Tuesday, February 25th. They set a "buy" rating and a $50.00 price objective on the stock.

Nebius Group Trading Down 12.8 %

The firm's fifty day moving average is $33.51. The stock has a market cap of $5.22 billion, a PE ratio of -38.93 and a beta of 2.47.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nebius Group stock. Centaurus Financial Inc. bought a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 21.90% of the company's stock.

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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.