Nebius Group (NASDAQ:NBIS) Shares Up 7.5% - Here's What Happened

Key Points

• Shares of Nebius Group jumped 7.5% on Friday to $89.95 (intraday high $90.76) on roughly 9.03 million shares traded, about 13% below its average daily volume.
• Analysts show a mixed but favorable view with a consensus Buy and an average price target of $144.71, while recent notes range from market outperform/price targets as high as $211 to some downgrades to sell/hold.
• Nebius is an AI-focused technology company (Nebius AI platform and Toloka AI GenAI services) with a market cap of about $22.65 billion and a negative P/E of -116.82, indicating it is currently unprofitable.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price rose 7.5% during trading on Friday . The stock traded as high as $90.76 and last traded at $89.95. Approximately 9,034,825 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 10,334,558 shares. The stock had previously closed at $83.71.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citizens Jmp began coverage on shares of Nebius Group in a research note on Wednesday, November 19th. They set a "market outperform" rating and a $175.00 price target on the stock. Wall Street Zen lowered shares of Nebius Group from a "hold" rating to a "sell" rating in a report on Saturday, November 15th. DA Davidson reaffirmed a "buy" rating and set a $150.00 price target on shares of Nebius Group in a research report on Wednesday, November 12th. Northland Securities boosted their price target on Nebius Group from $206.00 to $211.00 and gave the company an "outperform" rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Nebius Group in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $144.71.

Nebius Group Trading Up 7.5%

The firm has a market cap of $22.65 billion, a price-to-earnings ratio of -116.82 and a beta of 4.01. The company has a fifty day moving average price of $97.24 and a 200-day moving average price of $83.43.

Institutional Investors Weigh In On Nebius Group

Several hedge funds have recently bought and sold shares of the stock. Signaturefd LLC lifted its stake in shares of Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company's stock valued at $25,000 after purchasing an additional 250 shares during the period. SJS Investment Consulting Inc. acquired a new stake in Nebius Group during the second quarter valued at $31,000. Assetmark Inc. increased its holdings in Nebius Group by 102.0% in the second quarter. Assetmark Inc. now owns 602 shares of the company's stock valued at $33,000 after buying an additional 304 shares in the last quarter. LRI Investments LLC raised its position in shares of Nebius Group by 85.4% in the second quarter. LRI Investments LLC now owns 673 shares of the company's stock worth $37,000 after acquiring an additional 310 shares during the period. Finally, ORG Partners LLC boosted its stake in shares of Nebius Group by 369.1% during the 2nd quarter. ORG Partners LLC now owns 760 shares of the company's stock worth $39,000 after acquiring an additional 598 shares in the last quarter. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Company Profile

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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