Nebius Group (NASDAQ:NBIS) Trading Up 2.6% – Time to Buy?

Nebius Group N.V. (NASDAQ:NBIS) shares rose 2.6% on Wednesday . The stock traded as high as $101.85 and last traded at $100.43. Approximately 11,675,525 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 12,566,940 shares. The stock had previously closed at $97.87.

Analysts Set New Price Targets

A number of equities analysts recently commented on NBIS shares. Wall Street Zen downgraded Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. BWS Financial reiterated a “buy” rating and issued a $130.00 target price on shares of Nebius Group in a research report on Thursday, November 13th. Weiss Ratings lowered Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. Morgan Stanley assumed coverage on Nebius Group in a research note on Thursday, January 15th. They set an “equal weight” rating and a $126.00 price objective on the stock. Finally, Northland Securities increased their target price on shares of Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.38.

Nebius Group Trading Up 2.6%

The company’s 50-day moving average is $93.66 and its two-hundred day moving average is $90.29. The stock has a market capitalization of $25.29 billion, a P/E ratio of -130.43 and a beta of 4.00.

Institutional Trading of Nebius Group

Several large investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. raised its stake in Nebius Group by 186.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock valued at $1,652,000 after purchasing an additional 19,424 shares during the period. Trek Financial LLC acquired a new position in Nebius Group during the third quarter valued at $2,309,000. Invesco Ltd. lifted its stake in Nebius Group by 2.7% in the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock worth $198,514,000 after acquiring an additional 92,710 shares in the last quarter. MGO One Seven LLC acquired a new stake in Nebius Group during the 2nd quarter worth about $255,000. Finally, Salem Investment Counselors Inc. grew its stake in Nebius Group by 2,272.7% during the 3rd quarter. Salem Investment Counselors Inc. now owns 26,930 shares of the company’s stock valued at $3,023,000 after acquiring an additional 25,795 shares in the last quarter. 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.