Nebius Group (NASDAQ:NBIS) Stock Price Up 9.6% – Should You Buy?

Nebius Group N.V. (NASDAQ:NBIS) shares traded up 9.6% during trading on Monday . The company traded as high as $108.68 and last traded at $107.33. 15,848,916 shares were traded during trading, an increase of 25% from the average session volume of 12,650,078 shares. The stock had previously closed at $97.93.

Analyst Ratings Changes

A number of brokerages have issued reports on NBIS. Weiss Ratings reissued a “hold (c-)” rating on shares of Nebius Group in a research note on Monday, December 29th. Wall Street Zen lowered Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Citizens Jmp assumed coverage on Nebius Group in a research note on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 target price on the stock. CICC Research started coverage on Nebius Group in a research report on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 target price on the stock. Finally, Northland Securities lifted 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. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $144.71.

Nebius Group Stock Up 9.6%

The business has a 50-day simple moving average of $93.58 and a two-hundred day simple moving average of $86.29. The company has a market cap of $27.03 billion, a price-to-earnings ratio of -139.39 and a beta of 4.00.

Hedge Funds Weigh In On Nebius Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its stake in shares of Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after buying an additional 250 shares during the last quarter. Armstrong Advisory Group Inc. raised its holdings in Nebius Group by 500.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the period. SJS Investment Consulting Inc. acquired a new position in Nebius Group during the 2nd quarter worth $31,000. Assetmark Inc. boosted its holdings in Nebius Group by 102.0% during 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. Finally, LRI Investments LLC grew its position in shares of Nebius Group by 85.4% in the second quarter. LRI Investments LLC now owns 673 shares of the company’s stock valued at $37,000 after purchasing an additional 310 shares during the last quarter. 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.