Nebius Group (NASDAQ:NBIS) Stock Price Up 2.6% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS) shares traded up 2.6% during mid-day trading on Wednesday . The stock traded as high as $101.85 and last traded at $100.43. 11,675,525 shares changed hands during trading, a decline of 7% from the average session volume of 12,566,940 shares. The stock had previously closed at $97.87.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Citizens Jmp assumed coverage on shares of Nebius Group in a research report on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 price target on the stock. DA Davidson reiterated a “buy” rating and set a $150.00 price objective on shares of Nebius Group in a research note on Wednesday, November 12th. Weiss Ratings downgraded Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. CICC Research started coverage on Nebius Group in a research report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price target on the stock. Finally, Morgan Stanley assumed coverage on Nebius Group in a report on Thursday, January 15th. They issued an “equal weight” rating and a $126.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.38.

Nebius Group Stock Performance

The firm has a 50 day simple moving average of $94.01 and a two-hundred day simple moving average of $90.62. The stock has a market cap of $21.45 billion, a P/E ratio of -110.64 and a beta of 4.00.

Hedge Funds Weigh In On Nebius Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. boosted its stake in Nebius Group by 186.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock valued at $1,652,000 after buying an additional 19,424 shares in the last quarter. Trek Financial LLC acquired a new stake in Nebius Group in the 3rd quarter valued at about $2,309,000. Invesco Ltd. boosted its position in shares of Nebius Group by 2.7% during the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock valued at $198,514,000 after purchasing an additional 92,710 shares in the last quarter. MGO One Seven LLC acquired a new position in shares of Nebius Group in the 2nd quarter worth approximately $255,000. Finally, Salem Investment Counselors Inc. raised its holdings in shares of Nebius Group by 2,272.7% in the 3rd quarter. Salem Investment Counselors Inc. now owns 26,930 shares of the company’s stock worth $3,023,000 after purchasing an additional 25,795 shares in the last quarter. Institutional investors own 21.90% of the company’s stock.

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.