Nebius Group (NASDAQ:NBIS) Trading Down 3.1% - What's Next?

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares traded down 3.1% on Monday . The stock traded as low as $47.68 and last traded at $48.71. 3,360,467 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 11,233,817 shares. The stock had previously closed at $50.25.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. DA Davidson boosted their target price on shares of Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. BWS Financial boosted their target price on shares of Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Arete began coverage on shares of Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price for the company. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nebius Group currently has a consensus rating of "Buy" and a consensus target price of $66.50.

Nebius Group Stock Down 4.8%

The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of -83.93 and a beta of 3.25. The firm's 50 day moving average is $41.00 and its 200 day moving average is $33.87.

Institutional Trading of Nebius Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc acquired a new stake in Nebius Group during the first quarter valued at approximately $25,000. First Horizon Advisors Inc. purchased a new stake in shares of Nebius Group in the 1st quarter valued at approximately $33,000. Banque Cantonale Vaudoise purchased a new stake in shares of Nebius Group in the 1st quarter valued at approximately $33,000. Manchester Capital Management LLC purchased a new stake in shares of Nebius Group in the 1st quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Nebius Group in the 1st quarter valued at approximately $36,000. 21.90% of the stock is owned by institutional investors and hedge funds.

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.