Nebius Group (NASDAQ:NBIS) Shares Gap Up – Time to Buy?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $20.73, but opened at $21.31. Nebius Group shares last traded at $21.10, with a volume of 977,320 shares.

Wall Street Analyst Weigh In

NBIS has been the subject of a number of research reports. BWS Financial restated a “buy” rating and set a $60.00 target price on shares of Nebius Group in a research report on Tuesday, March 4th. DA Davidson decreased their price objective on Nebius Group from $50.00 to $30.00 and set a “buy” rating for the company in a report on Monday.

Nebius Group Stock Performance

The firm has a market cap of $4.92 billion, a price-to-earnings ratio of -36.93 and a beta of 2.54. The business’s 50 day moving average price is $29.96 and its 200 day moving average price is $27.45.

Institutional Trading of Nebius Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC purchased a new stake in shares of Nebius Group during the 1st quarter worth about $36,000. GAMMA Investing LLC acquired a new position in Nebius Group in the 1st quarter worth about $80,000. Farther Finance Advisors LLC purchased a new position in Nebius Group during the first quarter worth approximately $152,000. SeaCrest Wealth Management LLC acquired a new stake in Nebius Group in the first quarter valued at approximately $453,000. Finally, Intellectus Partners LLC purchased a new stake in shares of Nebius Group in the first quarter valued at approximately $570,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

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.