Nebius Group (NASDAQ:NBIS) Shares Up 2.3% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) rose 2.3% during trading on Monday . The company traded as high as $100.50 and last traded at $100.33. Approximately 8,643,152 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 15,102,388 shares. The stock had previously closed at $98.04.

Analysts Set New Price Targets

NBIS has been the subject of a number of research analyst reports. BWS Financial reaffirmed a “buy” rating and set a $130.00 price objective on shares of Nebius Group in a research report on Thursday, November 13th. Wall Street Zen cut Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Northland Securities lifted their target price on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. CICC Research assumed coverage on shares of Nebius Group in a research note on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price target on the stock. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $120.00 price target on shares of Nebius Group in a research report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nebius Group has an average rating of “Buy” and a consensus target price of $144.71.

Nebius Group Stock Down 2.9%

The stock has a market capitalization of $23.57 billion, a PE ratio of -121.55 and a beta of 3.83. The stock has a fifty day moving average of $108.16 and a 200-day moving average of $78.94.

Institutional Trading of Nebius Group

A number of large investors have recently made changes to their positions in the company. Signaturefd LLC grew its holdings in Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after acquiring an additional 250 shares in the last quarter. SJS Investment Consulting Inc. acquired a new stake in shares of Nebius Group in the 2nd quarter valued at $31,000. Assetmark Inc. lifted its position in shares of Nebius Group by 102.0% during the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock worth $33,000 after purchasing an additional 304 shares during the last quarter. LRI Investments LLC lifted its position in shares of Nebius Group by 85.4% during the 2nd quarter. LRI Investments LLC now owns 673 shares of the company’s stock worth $37,000 after purchasing an additional 310 shares during the last quarter. Finally, ORG Partners LLC grew its stake in shares of Nebius Group by 369.1% during the second quarter. ORG Partners LLC now owns 760 shares of the company’s stock worth $39,000 after purchasing an additional 598 shares in the last quarter. 21.90% of the stock is currently 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.