Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price dropped 4.5% during trading on Monday after DA Davidson lowered their price target on the stock from $50.00 to $30.00. DA Davidson currently has a buy rating on the stock. Nebius Group traded as low as $20.54 and last traded at $20.54. Approximately 3,238,826 shares changed hands during trading, a decline of 70% from the average daily volume of 10,786,881 shares. The stock had previously closed at $21.51.
Separately, BWS Financial restated a "buy" rating and set a $60.00 price target on shares of Nebius Group in a report on Tuesday, March 4th.
Get Our Latest Stock Report on NBIS
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Centaurus Financial Inc. bought a new stake in shares of Nebius Group in the 4th quarter valued at about $9,505,000. GAMMA Investing LLC acquired a new position in shares of Nebius Group during the 1st quarter worth approximately $80,000. Whipplewood Advisors LLC bought a new stake in shares of Nebius Group in the 1st quarter valued at about $36,000. Intellectus Partners LLC bought a new position in Nebius Group during the first quarter worth $570,000. Finally, SeaCrest Wealth Management LLC acquired a new position in Nebius Group in the 1st quarter valued at $453,000. Institutional investors and hedge funds own 21.90% of the company's stock.
Nebius Group Stock Up 2.1 %
The firm has a 50 day moving average of $28.56 and a 200-day moving average of $27.46. The firm has a market capitalization of $5.07 billion, a P/E ratio of -37.77 and a beta of 2.54.
Nebius Group Company Profile
(
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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.
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