Nebius Group (NASDAQ:NBIS) Stock Price Down 5.3% – Here’s Why

Nebius Group N.V. (NASDAQ:NBISGet Free Report) shares were down 5.3% on Monday . The company traded as low as $20.72 and last traded at $21.12. Approximately 6,274,783 shares were traded during trading, a decline of 41% from the average daily volume of 10,622,128 shares. The stock had previously closed at $22.31.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NBIS shares. DA Davidson started coverage on shares of Nebius Group in a research note on Tuesday, February 25th. They issued a “buy” rating and a $50.00 price target on the stock. BWS Financial reaffirmed a “buy” rating and set a $60.00 target price on shares of Nebius Group in a report on Tuesday, March 4th.

Read Our Latest Stock Report on NBIS

Nebius Group Price Performance

The company has a market cap of $5.34 billion, a PE ratio of -39.81 and a beta of 2.47. The firm’s 50-day simple moving average is $32.64.

Institutional Investors Weigh In On Nebius Group

An institutional investor recently bought a new position in Nebius Group stock. Centaurus Financial Inc. bought a new stake in Nebius Group N.V. (NASDAQ:NBISFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 343,130 shares of the company’s stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned approximately 0.15% of Nebius Group at the end of the most recent quarter. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Nebius Group Company Profile

(Get Free Report)

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.

Further Reading

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