Nebius Group (NASDAQ:NBIS) Trading 2.9% Higher – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS)’s share price traded up 2.9% on Monday . The stock traded as high as $89.65 and last traded at $85.98. 23,190,671 shares changed hands during mid-day trading, an increase of 57% from the average session volume of 14,811,167 shares. The stock had previously closed at $83.54.

Analyst Ratings Changes

NBIS has been the subject of a number of research analyst reports. DA Davidson restated a “buy” rating and issued a $150.00 price target on shares of Nebius Group in a research report on Wednesday, November 12th. Seaport Res Ptn upgraded shares of Nebius Group to a “hold” rating in a report on Monday, September 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Nebius Group in a research report on Tuesday, November 11th. Northland Securities increased their price target on shares of Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Finally, BWS Financial reissued a “buy” rating and set a $130.00 price objective on shares of Nebius Group in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $139.67.

Nebius Group Trading Up 2.9%

The firm’s 50 day moving average is $109.98 and its 200-day moving average is $71.47. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70.

Institutional Investors Weigh In On Nebius Group

A number of hedge funds and other institutional investors have recently made changes to their positions in NBIS. Harbor Advisors LLC lifted its holdings in shares of Nebius Group by 0.4% during the 3rd quarter. Harbor Advisors LLC now owns 27,600 shares of the company’s stock worth $3,099,000 after acquiring an additional 100 shares during the period. SOA Wealth Advisors LLC. grew its holdings in Nebius Group by 38.5% in the third quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock valued at $51,000 after purchasing an additional 125 shares during the period. SlateStone Wealth LLC increased its position in Nebius Group by 2.0% during the third quarter. SlateStone Wealth LLC now owns 10,200 shares of the company’s stock worth $1,145,000 after purchasing an additional 200 shares during the last quarter. Lodestar Private Asset Management LLC raised its stake in Nebius Group by 4.7% during the third quarter. Lodestar Private Asset Management LLC now owns 4,838 shares of the company’s stock worth $543,000 after purchasing an additional 217 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Nebius Group by 2.5% during the second quarter. PNC Financial Services Group Inc. now owns 9,613 shares of the company’s stock worth $532,000 after purchasing an additional 231 shares during the period. Hedge funds and other 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.