Nebius Group (NASDAQ:NBIS) Trading Up 1.9% – Still a Buy?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price was up 1.9% during trading on Thursday . The company traded as high as $108.13 and last traded at $103.89. Approximately 11,113,765 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 12,074,290 shares. The stock had previously closed at $101.98.

Analyst Upgrades and Downgrades

NBIS has been the subject of a number of recent analyst reports. DA Davidson restated a “buy” rating and issued a $150.00 price objective on shares of Nebius Group in a research report on Wednesday, November 12th. Wall Street Zen lowered Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Northland Securities increased their price objective on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. BWS Financial reiterated a “buy” rating and set a $130.00 price objective on shares of Nebius Group in a research report on Thursday, November 13th. Finally, Morgan Stanley assumed coverage on shares of Nebius Group in a report on Thursday. They issued an “equal weight” rating and a $126.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $142.38.

Nebius Group Price Performance

The stock has a market capitalization of $27.38 billion, a price-to-earnings ratio of -141.21 and a beta of 4.00. The firm’s fifty day moving average is $93.01 and its 200-day moving average is $87.26.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Signaturefd LLC lifted its stake in shares of Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares during the last quarter. Blue Trust Inc. raised its holdings in Nebius Group by 73.8% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $28,000 after buying an additional 141 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of Nebius Group by 500.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the last quarter. SJS Investment Consulting Inc. bought a new stake in shares of Nebius Group during the 2nd quarter worth about $31,000. Finally, Assetmark Inc. increased its holdings in shares of Nebius Group by 102.0% during the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock valued at $33,000 after acquiring an additional 304 shares during the last quarter. 21.90% of the stock is owned by hedge funds and other institutional investors.

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.