Nebius Group (NASDAQ:NBIS) Stock Price Up 3.1% – Should You Buy?

Nebius Group N.V. (NASDAQ:NBISGet Free Report) rose 3.1% on Wednesday . The stock traded as high as $24.47 and last traded at $23.39. Approximately 7,824,059 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 10,711,047 shares. The stock had previously closed at $22.69.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NBIS. BWS Financial restated a “buy” rating and set a $60.00 price objective on shares of Nebius Group in a report on Tuesday, March 4th. DA Davidson assumed coverage on shares of Nebius Group in a report on Tuesday, February 25th. They issued a “buy” rating and a $50.00 price target for the company.

Check Out Our Latest Research Report on Nebius Group

Nebius Group Trading Up 6.8 %

The firm has a market cap of $5.71 billion, a P/E ratio of -42.51 and a beta of 2.47. The stock has a fifty day moving average of $32.64.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nebius Group stock. Centaurus Financial Inc. acquired a new stake in Nebius Group N.V. (NASDAQ:NBISFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 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 SEC filing. 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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