Nebius Group (NASDAQ:NBIS) Stock Price Up 3.5% – Time to Buy?

Nebius Group N.V. (NASDAQ:NBIS)’s share price traded up 3.5% on Thursday . The stock traded as high as $80.35 and last traded at $78.09. 9,962,768 shares traded hands during trading, a decline of 34% from the average session volume of 15,037,688 shares. The stock had previously closed at $75.45.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NBIS. BWS Financial reiterated a “buy” rating and issued a $130.00 target price on shares of Nebius Group in a research note on Thursday, November 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. Seaport Res Ptn raised Nebius Group to a “hold” rating in a research note on Monday, September 15th. Northland Securities increased their target price on Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Finally, CICC Research initiated coverage on Nebius Group in a report on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Nebius Group has an average rating of “Buy” and a consensus target price of $144.71.

Nebius Group Trading Up 3.5%

The stock has a market cap of $19.66 billion, a price-to-earnings ratio of -101.42 and a beta of 3.83. The firm has a fifty day simple moving average of $104.18 and a 200-day simple moving average of $80.53.

Institutional Trading of Nebius Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares during the period. SJS Investment Consulting Inc. acquired a new stake in shares of Nebius Group during the 2nd quarter worth approximately $31,000. Assetmark Inc. raised its stake in shares of Nebius Group by 102.0% during the second quarter. Assetmark Inc. now owns 602 shares of the company’s stock worth $33,000 after buying an additional 304 shares during the last quarter. LRI Investments LLC lifted its holdings in Nebius Group by 85.4% in the second quarter. LRI Investments LLC now owns 673 shares of the company’s stock valued at $37,000 after buying an additional 310 shares during the period. Finally, ORG Partners LLC lifted its holdings in Nebius Group by 369.1% in 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 institutional investors and hedge funds.

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.