Nebius Group (NASDAQ:NBIS) Shares Up 2.9% – Should You Buy?

Nebius Group N.V. (NASDAQ:NBIS) traded up 2.9% during trading on Monday . The company traded as high as $89.65 and last traded at $85.98. 23,190,671 shares traded hands during mid-day trading, an increase of 57% from the average session volume of 14,811,167 shares. The stock had previously closed at $83.54.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. DA Davidson restated a “buy” rating and set a $150.00 price target on shares of Nebius Group in a research report on Wednesday, November 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Nebius Group in a research note on Tuesday, November 11th. The Goldman Sachs Group restated a “buy” rating and set a $120.00 target price on shares of Nebius Group in a report on Wednesday, September 17th. Northland Securities increased their price target on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Finally, CICC Research began coverage on Nebius Group in a research report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Nebius Group has an average rating of “Buy” and a consensus target price of $144.71.

Nebius Group Price Performance

The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The stock’s 50-day moving average is $110.31 and its two-hundred day moving average is $72.37.

Hedge Funds Weigh In On Nebius Group

Several hedge funds have recently bought and sold shares of NBIS. Oppenheimer Asset Management Inc. increased its holdings in shares of Nebius Group by 186.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock valued at $1,652,000 after acquiring an additional 19,424 shares during the period. Scientech Research LLC purchased a new position in Nebius Group during the 1st quarter worth $869,000. MGO One Seven LLC acquired a new position in Nebius Group in the second quarter valued at $255,000. Hardy Reed LLC purchased a new stake in shares of Nebius Group in the second quarter valued at about $365,000. Finally, Jump Financial LLC acquired a new stake in shares of Nebius Group during the first quarter worth about $10,362,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

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.