Nebius Group (NASDAQ:NBIS) Stock Price Up 7.9% – Still a Buy?
by Doug Wharley · The Cerbat GemNebius Group N.V. (NASDAQ:NBIS – Get Free Report)’s share price shot up 7.9% during mid-day trading on Monday . The stock traded as high as $93.68 and last traded at $92.88. 13,152,998 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 13,117,979 shares. The stock had previously closed at $86.10.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Freedom Capital raised Nebius Group to a “strong-buy” rating in a research report on Tuesday, February 3rd. Morgan Stanley assumed coverage on Nebius Group in a report on Thursday, January 15th. They issued an “equal weight” rating and a $126.00 target price for the company. BWS Financial restated a “buy” rating and set a $130.00 price target on shares of Nebius Group in a research note on Thursday, November 13th. Finally, Weiss Ratings lowered shares of Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.38.
View Our Latest Stock Analysis on NBIS
Nebius Group Stock Performance
The business has a 50 day moving average of $92.97 and a two-hundred day moving average of $92.55.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of NBIS. Blue Trust Inc. boosted its stake in Nebius Group by 73.8% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $28,000 after acquiring an additional 141 shares in the last quarter. Armstrong Advisory Group Inc. lifted its holdings in shares of Nebius Group by 500.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Assetmark Inc. boosted its position in shares of Nebius Group by 102.0% in the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock worth $33,000 after purchasing an additional 304 shares in the last quarter. LRI Investments LLC grew its stake in Nebius Group by 85.4% during the 2nd quarter. LRI Investments LLC now owns 673 shares of the company’s stock worth $37,000 after buying an additional 310 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in Nebius Group during the 1st quarter valued at about $40,000. Institutional investors own 21.90% of the company’s stock.
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.