Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price was up 7.6% during trading on Friday . The company traded as high as $27.79 and last traded at $28.17. Approximately 3,531,349 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 10,364,977 shares. The stock had previously closed at $26.17.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. DA Davidson initiated coverage on shares of Nebius Group in a report on Tuesday, February 25th. They issued a "buy" rating and a $50.00 price objective on the stock. BWS Financial restated a "buy" rating and issued a $60.00 price target on shares of Nebius Group in a research note on Tuesday, March 4th.
Check Out Our Latest Report on Nebius Group
Nebius Group Price Performance
The firm has a market capitalization of $6.49 billion, a PE ratio of -48.39 and a beta of 2.47. The business's fifty day moving average is $34.60.
Institutional Inflows and Outflows
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) during 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 about 0.15% of Nebius Group as of its most recent filing with the Securities & Exchange Commission. 21.90% of the stock is currently owned by hedge funds and other institutional investors.
Nebius Group Company Profile
(
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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