Nebius Group (NASDAQ:NBIS) Shares Gap Down – What’s Next?

Shares of Nebius Group N.V. (NASDAQ:NBIS) gapped down before the market opened on Thursday . The stock had previously closed at $93.59, but opened at $89.20. Nebius Group shares last traded at $90.3740, with a volume of 5,109,050 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $120.00 price target on shares of Nebius Group in a research note on Wednesday, September 17th. DA Davidson restated a “buy” rating and set a $150.00 price objective on shares of Nebius Group in a research report on Wednesday, November 12th. BWS Financial reissued a “buy” rating and set a $130.00 price target on shares of Nebius Group in a research note on Thursday, November 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Nebius Group in a report on Monday. Finally, Northland Securities upped their price objective on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Nebius Group has an average rating of “Buy” and an average price target of $144.71.

Nebius Group Stock Down 7.0%

The firm has a market capitalization of $22.08 billion, a P/E ratio of -113.88 and a beta of 3.83. The company’s 50 day moving average is $106.72 and its 200-day moving average is $79.39.

Hedge Funds Weigh In On Nebius Group

A number of hedge funds have recently bought and sold shares of the company. Harbor Advisors LLC grew its position 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 purchasing an additional 100 shares in the last quarter. SOA Wealth Advisors LLC. increased its holdings in Nebius Group by 38.5% during the third quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock worth $51,000 after buying an additional 125 shares during the last quarter. SlateStone Wealth LLC boosted its stake in Nebius Group by 2.0% in the third quarter. SlateStone Wealth LLC now owns 10,200 shares of the company’s stock valued at $1,145,000 after acquiring an additional 200 shares during the last quarter. Lodestar Private Asset Management LLC grew its position in shares of 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 acquiring an additional 217 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Nebius Group by 2.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,613 shares of the company’s stock worth $532,000 after purchasing an additional 231 shares during the period. 21.90% of the stock is owned by hedge funds and other 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.