Nebius Group (NASDAQ:NBIS) Trading Down 5.8% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS) dropped 5.8% on Friday . The company traded as low as $18.98 and last traded at $20.51. Approximately 5,642,782 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 10,770,945 shares. The stock had previously closed at $21.77.

Analyst Ratings Changes

NBIS has been the subject of several recent research reports. BWS Financial reiterated a “buy” rating and set a $60.00 price objective on shares of Nebius Group in a report on Tuesday, March 4th. DA Davidson assumed coverage on Nebius Group in a report on Tuesday, February 25th. They set a “buy” rating and a $50.00 price target for the company.

Nebius Group Stock Performance

The company has a market cap of $4.78 billion, a price-to-earnings ratio of -35.60 and a beta of 2.54. The company’s 50 day moving average price is $31.57 and its 200 day moving average price is $27.32.

Hedge Funds Weigh In On Nebius Group

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

About Nebius Group

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.