Nebius Group (NASDAQ:NBIS) Shares Up 21.2% - Should You Buy?

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shot up 21.2% on Thursday . The stock traded as high as $46.89 and last traded at $47.73. 23,568,931 shares were traded during mid-day trading, an increase of 121% from the average session volume of 10,687,883 shares. The stock had previously closed at $39.39.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. BWS Financial reiterated a "buy" rating and set a $60.00 price target on shares of Nebius Group in a report on Wednesday, May 21st. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Arete assumed coverage on shares of Nebius Group in a research note on Thursday. They issued a "buy" rating and a $84.00 target price for the company. DA Davidson set a $45.00 target price on shares of Nebius Group and gave the stock a "buy" rating in a research report on Monday, May 19th. Finally, Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $59.00.

Nebius Group Trading Up 4.3%

The firm has a market cap of $11.38 billion, a price-to-earnings ratio of -84.70 and a beta of 3.25. The stock has a fifty day moving average price of $29.21 and a 200 day moving average price of $30.53.

Institutional Investors Weigh In On Nebius Group

A number of large investors have recently added to or reduced their stakes in NBIS. IFP Advisors Inc bought a new position in shares of Nebius Group in the first quarter valued at approximately $25,000. Banque Cantonale Vaudoise acquired a new position in Nebius Group in the 1st quarter valued at $33,000. First Horizon Advisors Inc. acquired a new position in Nebius Group in the 1st quarter valued at $33,000. Manchester Capital Management LLC bought a new position in Nebius Group in the 1st quarter worth $34,000. Finally, Whipplewood Advisors LLC bought a new position in Nebius Group in the 1st quarter worth $36,000. 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.