Nebius Group (NASDAQ:NBIS) Stock Price Up 4.7% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS)’s share price shot up 4.7% during trading on Friday . The company traded as high as $110.50 and last traded at $108.73. 15,609,150 shares changed hands during mid-day trading, an increase of 26% from the average session volume of 12,402,855 shares. The stock had previously closed at $103.89.

Analyst Ratings Changes

A number of research firms have recently issued reports on NBIS. Weiss Ratings downgraded shares of Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. DA Davidson reiterated a “buy” rating and set a $150.00 price objective on shares of Nebius Group in a research note on Wednesday, November 12th. Wall Street Zen downgraded Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Citizens Jmp began coverage on Nebius Group in a report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 target price for the company. Finally, Morgan Stanley began coverage on Nebius Group in a research report on Thursday. They set an “equal weight” rating and a $126.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $142.38.

Nebius Group Trading Up 4.7%

The firm has a 50-day moving average of $93.06 and a 200 day moving average of $86.89. The stock has a market capitalization of $27.38 billion, a price-to-earnings ratio of -141.21 and a beta of 4.00.

Hedge Funds Weigh In On Nebius Group

A number of institutional investors and hedge funds have recently bought and sold shares of NBIS. StoneCrest Wealth Management Inc. lifted its stake in shares of Nebius Group by 29.5% in the 4th quarter. StoneCrest Wealth Management Inc. now owns 11,247 shares of the company’s stock worth $941,000 after acquiring an additional 2,561 shares during the period. Perigon Wealth Management LLC increased its stake in shares of Nebius Group by 38.1% during the fourth quarter. Perigon Wealth Management LLC now owns 3,665 shares of the company’s stock valued at $307,000 after acquiring an additional 1,012 shares during the period. Balboa Wealth Partners lifted its position in Nebius Group by 18.7% in the fourth quarter. Balboa Wealth Partners now owns 10,631 shares of the company’s stock worth $890,000 after purchasing an additional 1,675 shares during the period. Genesis Financial Group LLC bought a new position in Nebius Group during the 4th quarter valued at $1,691,000. Finally, Blue Trust Inc. boosted its stake in Nebius Group by 73.8% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $28,000 after purchasing an additional 141 shares in the last quarter. Institutional investors 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.