Nebius Group (NASDAQ:NBIS) Shares Up 3.2% – Still a Buy?

Nebius Group N.V. (NASDAQ:NBIS) shares traded up 3.2% during trading on Monday . The company traded as high as $95.44 and last traded at $92.83. 9,853,758 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 9,419,897 shares. The stock had previously closed at $89.95.

Wall Street Analyst Weigh In

Several research firms have recently commented on NBIS. Seaport Res Ptn raised Nebius Group to a “hold” rating in a report on Monday, September 15th. The Goldman Sachs Group reissued a “buy” rating and issued a $120.00 target price on shares of Nebius Group in a report on Wednesday, September 17th. CICC Research started coverage on Nebius Group in a research note on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price objective on the stock. BWS Financial restated a “buy” rating and set a $130.00 price target on shares of Nebius Group in a report on Thursday, November 13th. Finally, Northland Securities raised their price objective on shares of Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $144.71.

Nebius Group Stock Performance

The firm has a market capitalization of $23.38 billion, a price-to-earnings ratio of -120.56 and a beta of 4.00. The business has a 50 day moving average of $96.70 and a two-hundred day moving average of $84.21.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NBIS. Fred Alger Management LLC purchased a new stake in Nebius Group in the first quarter worth about $67,431,000. Qube Research & Technologies Ltd purchased a new stake in Nebius Group during the 3rd quarter valued at about $238,511,000. Orbis Allan Gray Ltd increased its stake in Nebius Group by 12.4% during the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock worth $976,681,000 after acquiring an additional 1,949,708 shares during the last quarter. Clear Street Group Inc. purchased a new position in Nebius Group during the 3rd quarter valued at about $202,168,000. Finally, Rovida Advisors Inc. acquired a new position in Nebius Group during the 2nd quarter worth approximately $96,223,000. 21.90% of the stock is currently owned by 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.