Nebius Group (NASDAQ:NBIS) Shares Down 7.4% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS)’s share price was down 7.4% on Tuesday . The stock traded as low as $26.22 and last traded at $26.21. Approximately 3,573,382 shares were traded during trading, a decline of 65% from the average daily volume of 10,346,327 shares. The stock had previously closed at $28.29.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NBIS shares. DA Davidson started coverage on Nebius Group in a report on Tuesday, February 25th. They set a “buy” rating and a $50.00 target price on the stock. BWS Financial reissued a “buy” rating and issued a $60.00 target price on shares of Nebius Group in a research report on Tuesday, March 4th.

Nebius Group Stock Performance

The firm has a 50-day simple moving average of $34.54. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of -48.39 and a beta of 2.47.

Institutional Trading of Nebius Group

A hedge fund recently bought a new stake in Nebius Group stock. Centaurus Financial Inc. bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 currently owned by hedge funds and other 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.