Nebius Group (NASDAQ:NBIS) Shares Up 6.5% – What’s Next?

Shares of Nebius Group N.V. (NASDAQ:NBIS) rose 6.5% during mid-day trading on Wednesday . The company traded as high as $95.63 and last traded at $94.69. Approximately 13,474,495 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 15,232,854 shares. The stock had previously closed at $88.88.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NBIS. DA Davidson reaffirmed a “buy” rating and set a $150.00 price objective on shares of Nebius Group in a report on Wednesday, November 12th. BWS Financial reaffirmed a “buy” rating and set a $130.00 price objective on shares of Nebius Group in a report on Thursday, November 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Nebius Group in a report on Monday. Citizens Jmp started coverage on Nebius Group in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 target price for the company. Finally, Northland Securities upped their price target on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Nebius Group has a consensus rating of “Buy” and a consensus price target of $144.71.

Nebius Group Stock Up 0.2%

The firm has a market capitalization of $23.89 billion, a price-to-earnings ratio of -123.20 and a beta of 3.29. The firm has a fifty day moving average price of $110.14 and a 200 day moving average price of $74.84. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31.

Institutional Trading of Nebius Group

Several large investors have recently made changes to their positions in the business. IFP Advisors Inc bought a new position in shares of Nebius Group in the first quarter valued at about $25,000. Signaturefd LLC increased its holdings in shares of Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares in the last quarter. SJS Investment Consulting Inc. bought a new position in Nebius Group in the 2nd quarter worth approximately $31,000. Banque Cantonale Vaudoise bought a new position in Nebius Group in the 1st quarter worth approximately $33,000. Finally, Assetmark Inc. lifted its holdings in Nebius Group by 102.0% during the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock worth $33,000 after buying an additional 304 shares in the last quarter. Institutional investors own 21.90% of the company’s stock.

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.