Nebius Group (NASDAQ:NBIS) Trading Down 7.6% - Here's What Happened

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price traded down 7.6% during mid-day trading on Monday . The stock traded as low as $25.80 and last traded at $25.87. 4,783,918 shares changed hands during trading, a decline of 53% from the average session volume of 10,217,477 shares. The stock had previously closed at $27.99.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. BWS Financial reiterated a "buy" rating and issued a $60.00 price target on shares of Nebius Group in a research note on Tuesday, March 4th. DA Davidson assumed coverage on Nebius Group in a research note on Tuesday, February 25th. They issued a "buy" rating and a $50.00 price target for the company.

Nebius Group Stock Up 9.9 %

The business's 50 day moving average price is $34.78. The firm has a market cap of $6.77 billion, a P/E ratio of -50.44 and a beta of 2.47.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nebius Group stock. Centaurus Financial Inc. acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 343,130 shares of the company's stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned 0.15% of Nebius Group as of its most recent filing with the Securities and Exchange Commission (SEC). 21.90% of the stock is currently 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.