Nebius Group (NASDAQ:NBIS) Trading 3.5% Higher – Still a Buy?

Shares of Nebius Group N.V. (NASDAQ:NBIS) were up 3.5% on Monday . The company traded as high as $89.25 and last traded at $88.16. Approximately 10,422,544 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 12,785,587 shares. The stock had previously closed at $85.19.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NBIS. Wall Street Zen lowered Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Morgan Stanley initiated coverage on shares of Nebius Group in a report on Thursday, January 15th. They issued an “equal weight” rating and a $126.00 price objective for the company. Northland Securities lifted their target price on shares of 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 target on shares of Nebius Group in a research report on Thursday, November 13th. Finally, DA Davidson reissued a “buy” rating and issued a $150.00 price target on shares of Nebius Group in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.38.

Nebius Group Trading Up 3.5%

The company has a market capitalization of $22.20 billion, a P/E ratio of -114.49 and a beta of 3.91. The company’s 50 day moving average is $94.01 and its 200-day moving average is $91.15.

Institutional Trading of Nebius Group

Hedge funds have recently made changes to their positions in the stock. Signaturefd LLC increased its position in Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after buying an additional 250 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Nebius Group by 73.8% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $28,000 after acquiring an additional 141 shares during the last quarter. Armstrong Advisory Group Inc. grew its stake 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 acquiring an additional 300 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Nebius Group by 102.0% during the second quarter. Assetmark Inc. now owns 602 shares of the company’s stock valued at $33,000 after acquiring an additional 304 shares in the last quarter. Finally, LRI Investments LLC increased its holdings in shares of Nebius Group by 85.4% during the second quarter. LRI Investments LLC now owns 673 shares of the company’s stock valued at $37,000 after acquiring an additional 310 shares in the last quarter. 21.90% of the stock is owned by institutional investors.

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.