Nebius Group Sees Unusually High Options Volume (NASDAQ:NBIS)

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Traders bought 155,601 call options on the company. This is an increase of approximately 162% compared to the typical volume of 59,424 call options.

Analysts Set New Price Targets

NBIS has been the subject of a number of recent analyst reports. Arete initiated coverage on shares of Nebius Group in a research note on Thursday. They issued a "buy" rating and a $84.00 price objective for the company. DA Davidson set a $45.00 price target on shares of Nebius Group and gave the company a "buy" rating in a report on Monday, May 19th. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a report on Thursday. Northland Securities set a $47.00 price target on shares of Nebius Group and gave the company an "outperform" rating in a report on Wednesday, May 21st. Finally, BWS Financial restated a "buy" rating and set a $60.00 price target on shares of Nebius Group in a report on Wednesday, May 21st. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $59.00.

Nebius Group Stock Performance

Shares of NBIS traded up $1.98 during trading hours on Friday, reaching $48.28. 19,881,098 shares of the company traded hands, compared to its average volume of 10,955,480. The stock's fifty day moving average is $29.21 and its 200 day moving average is $30.60. The stock has a market cap of $11.38 billion, a P/E ratio of -84.70 and a beta of 3.25. Nebius Group has a 1-year low of $14.09 and a 1-year high of $50.87.

Institutional Trading of Nebius Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NBIS. IFP Advisors Inc acquired a new stake in Nebius Group in the 1st quarter valued at about $25,000. First Horizon Advisors Inc. bought a new stake in shares of Nebius Group during the first quarter valued at approximately $33,000. Banque Cantonale Vaudoise acquired a new stake in shares of Nebius Group in the first quarter valued at approximately $33,000. Manchester Capital Management LLC acquired a new stake in shares of Nebius Group in the first quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC bought a new position in Nebius Group in the 1st quarter worth approximately $36,000. 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.