Nebius Group (NASDAQ:NBIS) Shares Down 1% – Here’s Why
by Renee Jackson · The Cerbat GemNebius Group N.V. (NASDAQ:NBIS – Get Free Report)’s share price fell 1% during mid-day trading on Tuesday . The stock traded as low as $84.56 and last traded at $85.17. 5,762,803 shares were traded during mid-day trading, a decline of 61% from the average session volume of 14,860,252 shares. The stock had previously closed at $86.04.
Analyst Ratings Changes
Several equities research analysts recently commented on NBIS shares. Northland Securities increased their price objective on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Wall Street Zen cut shares of Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Citizens Jmp started coverage on shares of Nebius Group in a report on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 target price on the stock. CICC Research began coverage on shares of Nebius Group in a research note on Tuesday, November 11th. They set an “outperform” rating and a $143.00 target price for the company. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $144.71.
Check Out Our Latest Report on Nebius Group
Nebius Group Price Performance
The company has a 50-day moving average of $97.69 and a two-hundred day moving average of $83.43. The company has a market capitalization of $21.08 billion, a PE ratio of -108.71 and a beta of 3.83.
Institutional Trading of Nebius Group
Several institutional investors and hedge funds have recently modified their holdings of the company. Harbor Advisors LLC increased its stake in Nebius Group by 0.4% in the 3rd quarter. Harbor Advisors LLC now owns 27,600 shares of the company’s stock worth $3,099,000 after buying an additional 100 shares in the last quarter. SOA Wealth Advisors LLC. raised its stake in Nebius Group by 38.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock valued at $51,000 after purchasing an additional 125 shares during the period. SlateStone Wealth LLC lifted its holdings in Nebius Group by 2.0% in the 3rd quarter. SlateStone Wealth LLC now owns 10,200 shares of the company’s stock worth $1,145,000 after purchasing an additional 200 shares in the last quarter. Lodestar Private Asset Management LLC grew its holdings in Nebius Group by 4.7% during the 3rd quarter. Lodestar Private Asset Management LLC now owns 4,838 shares of the company’s stock valued at $543,000 after buying an additional 217 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Nebius Group by 2.5% during the second quarter. PNC Financial Services Group Inc. now owns 9,613 shares of the company’s stock valued at $532,000 after buying an additional 231 shares during the last quarter. 21.90% of the stock is currently owned by institutional investors.
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.