Nebius Group (NASDAQ:NBIS) Shares Gap Down – Should You Sell?

Nebius Group N.V. (NASDAQ:NBISGet Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $24.71, but opened at $23.40. Nebius Group shares last traded at $24.24, with a volume of 5,399,000 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. DA Davidson began coverage on shares of Nebius Group in a research report on Tuesday, February 25th. They issued a “buy” rating and a $50.00 target price for the company. BWS Financial reaffirmed a “buy” rating and issued a $60.00 target price on shares of Nebius Group in a report on Tuesday, March 4th.

Check Out Our Latest Report on Nebius Group

Nebius Group Trading Down 0.3 %

The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of -43.27 and a beta of 2.47. The business’s 50 day moving average is $33.75.

Institutional Investors Weigh In On Nebius Group

An institutional investor recently bought a new position in Nebius Group stock. Centaurus Financial Inc. purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBISFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 343,130 shares of the company’s stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned approximately 0.15% of Nebius Group at the end of the most recent quarter. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Company Profile

(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.

Further Reading

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