Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $20.73, but opened at $21.31. Nebius Group shares last traded at $21.10, with a volume of 977,320 shares trading hands.
Wall Street Analyst Weigh In
NBIS has been the subject of several research analyst reports. BWS Financial reissued a "buy" rating and issued a $60.00 price objective on shares of Nebius Group in a report on Tuesday, March 4th. DA Davidson lowered their price objective on shares of Nebius Group from $50.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, April 14th.
Get Our Latest Research Report on NBIS
Nebius Group Trading Up 2.1 %
The company has a market capitalization of $5.07 billion, a PE ratio of -37.77 and a beta of 2.54. The firm has a 50 day simple moving average of $28.56 and a two-hundred day simple moving average of $27.46.
Hedge Funds Weigh In On Nebius Group
A number of large investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new stake in shares of Nebius Group during the 1st quarter worth $2,621,000. Elevation Point Wealth Partners LLC purchased a new stake in Nebius Group during the first quarter worth $324,000. Compagnie Lombard Odier SCmA acquired a new stake in Nebius Group in the first quarter valued at $1,196,000. West Oak Capital LLC purchased a new position in shares of Nebius Group in the first quarter valued at $501,000. Finally, Fifth Third Bancorp acquired a new position in shares of Nebius Group during the 1st quarter worth $130,000. Hedge funds and other institutional investors own 21.90% of the company's stock.
About Nebius Group
(
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.
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