Nebius Group (NASDAQ:NBIS) Trading 5.6% Higher – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS) shares were up 5.6% during trading on Monday . The company traded as high as $101.60 and last traded at $100.15. Approximately 14,117,567 shares were traded during trading, a decline of 7% from the average daily volume of 15,186,187 shares. The stock had previously closed at $94.87.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NBIS. Citizens Jmp started coverage on shares of Nebius Group in a research note on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 target price on the stock. DA Davidson restated a “buy” rating and issued a $150.00 price objective on shares of Nebius Group in a research report on Wednesday, November 12th. BWS Financial restated a “buy” rating and set a $130.00 target price on shares of Nebius Group in a research report on Thursday, November 13th. CICC Research started coverage on shares of Nebius Group in a research report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price objective on the stock. Finally, The Goldman Sachs Group reissued a “buy” rating and set 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, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $144.71.

Nebius Group Trading Up 5.6%

The stock’s fifty day moving average price is $110.05 and its 200 day moving average price is $75.82. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The stock has a market cap of $25.22 billion, a PE ratio of -130.06 and a beta of 3.29.

Hedge Funds Weigh In On Nebius Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new stake in shares of Nebius Group during the 1st quarter valued at $462,000. Cetera Investment Advisers bought a new stake in shares of Nebius Group in the 1st quarter worth about $1,268,000. LPL Financial LLC bought a new stake in shares of Nebius Group in the 1st quarter valued at approximately $2,708,000. Banque Cantonale Vaudoise bought a new stake in Nebius Group in the first quarter worth $33,000. Finally, Harbour Investments Inc. purchased a new position in shares of Nebius Group during the 1st quarter worth about $492,000. 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.