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

Nebius Group N.V. (NASDAQ:NBIS) shares gapped down before the market opened on Thursday . The stock had previously closed at $93.59, but opened at $89.20. Nebius Group shares last traded at $90.3740, with a volume of 5,109,050 shares trading hands.

Analyst Ratings Changes

Several brokerages recently weighed in on NBIS. Citizens Jmp started coverage on Nebius Group in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 price objective for the company. Seaport Res Ptn raised Nebius Group to a “hold” rating in a research note on Monday, September 15th. BWS Financial restated a “buy” rating and issued a $130.00 price target on shares of Nebius Group in a research note on Thursday, November 13th. DA Davidson reaffirmed a “buy” rating and set a $150.00 price target on shares of Nebius Group in a report on Wednesday, November 12th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $144.71.

Nebius Group Trading Down 0.6%

The company has a market cap of $23.44 billion, a price-to-earnings ratio of -120.69 and a beta of 3.83. The firm’s 50-day moving average price is $108.16 and its 200 day moving average price is $78.94.

Institutional Trading of Nebius Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC grew its holdings in shares of Nebius Group by 125.0% during the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares in the last quarter. SJS Investment Consulting Inc. purchased a new position in Nebius Group in the 2nd quarter worth approximately $31,000. Assetmark Inc. increased its position in shares of Nebius Group by 102.0% during the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock valued at $33,000 after purchasing an additional 304 shares during the last quarter. LRI Investments LLC lifted its stake in Nebius Group by 85.4% in the second quarter. LRI Investments LLC now owns 673 shares of the company’s stock worth $37,000 after purchasing an additional 310 shares during the last quarter. Finally, ORG Partners LLC boosted its position in Nebius Group by 369.1% during the second quarter. ORG Partners LLC now owns 760 shares of the company’s stock valued at $39,000 after buying an additional 598 shares during the period. 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.