Nebius Group (NASDAQ:NBIS) Shares Up 5.4% – Time to Buy?

Nebius Group N.V. (NASDAQ:NBIS)’s share price was up 5.4% on Wednesday . The stock traded as high as $27.49 and last traded at $27.07. Approximately 3,470,444 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 10,336,064 shares. The stock had previously closed at $25.67.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. BWS Financial restated a “buy” rating and issued a $60.00 target price on shares of Nebius Group in a research report on Tuesday, March 4th. DA Davidson started coverage on shares of Nebius Group in a research report on Tuesday, February 25th. They issued a “buy” rating and a $50.00 target price on the stock.

Nebius Group Trading Up 7.0 %

The business’s 50-day moving average is $34.60. The stock has a market capitalization of $6.47 billion, a P/E ratio of -48.12 and a beta of 2.47.

Hedge Funds Weigh In On Nebius Group

A hedge fund recently bought a new stake in Nebius Group stock. Centaurus Financial Inc. purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 343,130 shares of the company’s stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned approximately 0.15% of Nebius Group as of its most recent filing with the Securities & Exchange Commission. Institutional investors 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.