Nebius Group (NASDAQ:NBIS) Stock Price Up 14.6% - Here's What Happened

Key Points

• Nebius Group stock rose 14.6% during mid-day trading to a last trade of $89.46 (intraday high $90.54) on volume of about 17.38 million shares, roughly 16% above its average; the stock had closed at $78.09.
• Analysts maintain a consensus "Buy" rating with a consensus price target of $144.71, while individual targets range from $120 (Goldman Sachs) to $175 (Citizens JMP) and the mix of ratings includes 2 Strong Buy, 6 Buy and 2 Hold.
• Nebius builds AI products including the Nebius AI cloud platform and Toloka AI generative-AI services; the company has a market cap of $22.53 billion and a negative P/E (-116.18), indicating it is not yet profitable.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price rose 14.6% during mid-day trading on Friday . The stock traded as high as $90.54 and last traded at $89.46. Approximately 17,382,788 shares changed hands during trading, an increase of 16% from the average daily volume of 15,048,879 shares. The stock had previously closed at $78.09.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NBIS shares. The Goldman Sachs Group reiterated a "buy" rating and set a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research note on Monday, September 15th. Wall Street Zen lowered shares of Nebius Group from a "hold" rating to a "sell" rating in a research note on Saturday, November 15th. DA Davidson reiterated a "buy" rating and issued a $150.00 price objective on shares of Nebius Group in a report on Wednesday, November 12th. Finally, Citizens Jmp assumed coverage on Nebius Group in a report on Wednesday, November 19th. They set a "market outperform" rating and a $175.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $144.71.

Nebius Group Trading Up 14.6%

The stock has a market capitalization of $22.53 billion, a P/E ratio of -116.18 and a beta of 3.83. The business's fifty day simple moving average is $103.09 and its two-hundred day simple moving average is $80.51.

Institutional Trading of Nebius Group

A number of institutional investors and hedge funds have recently modified their holdings of NBIS. Signaturefd LLC increased its holdings in 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 buying an additional 250 shares during the period. SJS Investment Consulting Inc. acquired a new stake in Nebius Group during the second quarter valued at approximately $31,000. Assetmark Inc. raised its holdings in shares of Nebius Group by 102.0% in the 2nd quarter. Assetmark Inc. now owns 602 shares of the company's stock worth $33,000 after buying an additional 304 shares in the last quarter. LRI Investments LLC lifted its position in shares of Nebius Group by 85.4% during the 2nd quarter. LRI Investments LLC now owns 673 shares of the company's stock worth $37,000 after buying an additional 310 shares during the period. Finally, ORG Partners LLC boosted its stake in Nebius Group by 369.1% in the 2nd quarter. ORG Partners LLC now owns 760 shares of the company's stock valued at $39,000 after buying an additional 598 shares in the last quarter. 21.90% of the stock is currently owned by institutional investors.

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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