Nebius Group (NASDAQ:NBIS) Stock Price Down 3.9% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS) shares were down 3.9% on Monday . The stock traded as low as $27.10 and last traded at $27.63. Approximately 3,983,669 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 10,368,857 shares. The stock had previously closed at $28.75.

Analyst Upgrades and Downgrades

Several research firms have commented on NBIS. DA Davidson began coverage on shares of Nebius Group in a research report on Tuesday, February 25th. They set a “buy” rating and a $50.00 price objective for the company. BWS Financial restated a “buy” rating and set a $60.00 target price on shares of Nebius Group in a research report on Tuesday, March 4th.

Nebius Group Stock Performance

The firm’s 50-day moving average is $34.60. The company has a market capitalization of $6.04 billion, a PE ratio of -45.04 and a beta of 2.47.

Institutional Investors Weigh In On Nebius Group

A hedge fund recently bought a new stake in Nebius Group stock. Centaurus Financial Inc. acquired a new position in Nebius Group N.V. (NASDAQ:NBIS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 343,130 shares of the company’s stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned 0.15% of Nebius Group at the end of the most recent reporting period. Institutional investors own 21.90% of the company’s stock.

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.