Nebius Group (NASDAQ:NBIS) Shares Gap Down – Here’s What Happened

Shares of Nebius Group N.V. (NASDAQ:NBIS) gapped down before the market opened on Thursday . The stock had previously closed at $24.45, but opened at $21.60. Nebius Group shares last traded at $22.96, with a volume of 3,207,372 shares trading hands.

Wall Street Analysts Forecast Growth

NBIS has been the subject of several recent research reports. 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 objective for the company. BWS Financial restated a “buy” rating and issued a $60.00 price target on shares of Nebius Group in a research report on Tuesday, March 4th.

Nebius Group Stock Performance

The company has a fifty day simple moving average of $32.34 and a 200 day simple moving average of $27.40. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of -39.14 and a beta of 2.47.

Hedge Funds Weigh In On Nebius Group

An institutional investor recently bought a new position in Nebius Group stock. Centaurus Financial Inc. purchased a new position in Nebius Group N.V. (NASDAQ:NBIS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 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. 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.