Nebius Group (NASDAQ:NBIS) Stock Price Up 5% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) rose 5% on Wednesday . The stock traded as high as $96.72 and last traded at $95.07. Approximately 20,183,102 shares were traded during trading, an increase of 36% from the average daily volume of 14,888,487 shares. The stock had previously closed at $90.54.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NBIS. Citizens Jmp started coverage on Nebius Group in a research note on Wednesday. They issued a “market outperform” rating and a $175.00 price objective for the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $120.00 target price on shares of Nebius Group in a report on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nebius Group in a research note on Tuesday, November 11th. BWS Financial reissued a “buy” rating and issued a $130.00 price objective on shares of Nebius Group in a research report on Thursday, November 13th. Finally, DA Davidson restated a “buy” rating and issued a $150.00 price objective on shares of Nebius Group in a report on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $144.71.

Nebius Group Price Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. The company’s 50 day simple moving average is $110.11 and its 200 day simple moving average is $73.03. The company has a market capitalization of $19.63 billion, a PE ratio of -108.13 and a beta of 3.29.

Institutional Investors Weigh In On Nebius Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc purchased a new position in shares of Nebius Group during the first quarter worth about $25,000. Signaturefd LLC boosted its position in shares of Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares during the period. SJS Investment Consulting Inc. purchased a new position in Nebius Group during the 2nd quarter worth approximately $31,000. Banque Cantonale Vaudoise acquired a new position in Nebius Group during the first quarter worth approximately $33,000. Finally, Assetmark Inc. boosted its holdings in shares of Nebius Group by 102.0% in the second quarter. Assetmark Inc. now owns 602 shares of the company’s stock valued at $33,000 after acquiring an additional 304 shares during the period. 21.90% of the stock is owned by hedge funds and other institutional investors.

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.