Nebius Group Sees Unusually Large Options Volume (NASDAQ:NBIS)

Nebius Group N.V. (NASDAQ:NBIS) was the target of some unusual options trading on Monday. Traders purchased 73,396 call options on the company. This represents an increase of 35% compared to the average daily volume of 54,502 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc bought a new stake in shares of Nebius Group in the first quarter valued at about $25,000. First Horizon Advisors Inc. purchased a new stake in Nebius Group during the first quarter worth approximately $33,000. Banque Cantonale Vaudoise acquired a new position in Nebius Group in the 1st quarter valued at $33,000. Manchester Capital Management LLC acquired a new stake in Nebius Group in the 1st quarter valued at about $34,000. Finally, Whipplewood Advisors LLC acquired a new stake in Nebius Group during the 1st quarter worth approximately $36,000. Institutional investors own 21.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NBIS. Northland Securities began coverage on shares of Nebius Group in a research note on Tuesday, May 6th. They set an “outperform” rating and a $34.00 target price on the stock. BWS Financial reaffirmed a “buy” rating and set a $60.00 price objective on shares of Nebius Group in a research note on Tuesday, March 4th. Northland Capmk upgraded shares of Nebius Group to a “strong-buy” rating in a report on Tuesday, May 6th. Finally, DA Davidson lowered their price objective on Nebius Group from $50.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, April 14th.

Nebius Group Stock Performance

Shares of NASDAQ NBIS traded up $4.81 during midday trading on Monday, hitting $33.08. 12,334,997 shares of the stock traded hands, compared to its average volume of 10,227,605. The business has a 50 day moving average price of $24.36 and a two-hundred day moving average price of $28.12. The company has a market cap of $7.79 billion, a PE ratio of -58.25 and a beta of 3.11. Nebius Group has a one year low of $14.09 and a one year high of $50.87.

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.