Nebius Group (NASDAQ:NBIS) Stock Price Down 4.5% on Analyst Downgrade

Nebius Group N.V. (NASDAQ:NBIS)’s share price traded down 4.5% during mid-day trading on Monday after DA Davidson lowered their price target on the stock from $50.00 to $30.00. DA Davidson currently has a buy rating on the stock. Nebius Group traded as low as $20.54 and last traded at $20.54. Approximately 3,238,826 shares traded hands during trading, a decline of 70% from the average session volume of 10,786,881 shares. The stock had previously closed at $21.51.

Separately, BWS Financial restated a “buy” rating and issued a $60.00 price target on shares of Nebius Group in a report on Tuesday, March 4th.

Institutional Investors Weigh In On Nebius Group

Large investors have recently modified their holdings of the stock. Centaurus Financial Inc. bought a new position in Nebius Group during the fourth quarter worth about $9,505,000. GAMMA Investing LLC purchased a new stake in shares of Nebius Group during the 1st quarter valued at approximately $80,000. Whipplewood Advisors LLC bought a new position in Nebius Group in the 1st quarter worth approximately $36,000. Intellectus Partners LLC purchased a new position in Nebius Group in the 1st quarter valued at approximately $570,000. Finally, SeaCrest Wealth Management LLC bought a new stake in Nebius Group during the 1st quarter valued at $453,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Nebius Group Stock Down 3.0 %

The firm has a 50-day simple moving average of $30.22 and a 200-day simple moving average of $27.44. The stock has a market cap of $4.91 billion, a PE ratio of -36.61 and a beta of 2.54.

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.