Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) fell 1.5% during trading on Friday . The company traded as low as $23.95 and last traded at $24.08. 2,342,930 shares traded hands during trading, a decline of 78% from the average session volume of 10,431,207 shares. The stock had previously closed at $24.46.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on NBIS. DA Davidson lowered their price objective on Nebius Group from $50.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, April 14th. BWS Financial restated a "buy" rating and issued a $60.00 price target on shares of Nebius Group in a research report on Tuesday, March 4th.
Get Our Latest Research Report on Nebius Group
Nebius Group Stock Performance
The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of -41.86 and a beta of 2.54. The company has a fifty day simple moving average of $26.08 and a 200 day simple moving average of $27.70.
Institutional Trading of Nebius Group
Several institutional investors have recently added to or reduced their stakes in NBIS. First Horizon Advisors Inc. acquired a new position in shares of Nebius Group in the 1st quarter worth approximately $33,000. Whipplewood Advisors LLC acquired a new position in Nebius Group in the first quarter valued at $36,000. Ulland Investment Advisors LLC bought a new stake in Nebius Group during the first quarter valued at $53,000. Creative Financial Designs Inc. ADV acquired a new stake in Nebius Group during the 1st quarter worth about $57,000. Finally, GAMMA Investing LLC bought a new position in shares of Nebius Group in the 1st quarter worth about $80,000. 21.90% of the stock is currently owned by institutional investors.
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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