Nebius Group (NASDAQ:NBIS) Trading Up 3.9% – Should You Buy?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price traded up 3.9% on Thursday . The stock traded as high as $103.84 and last traded at $102.80. 11,152,600 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 15,138,777 shares. The stock had previously closed at $98.92.

Analyst Ratings Changes

Several research analysts have commented on the company. Citizens Jmp began coverage on Nebius Group in a research note on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 target price for the company. CICC Research began coverage on shares of Nebius Group in a research report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price objective for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Nebius Group in a research report on Monday. Finally, Wall Street Zen cut shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Nebius Group presently has a consensus rating of “Buy” and an average target price of $144.71.

Nebius Group Stock Up 3.9%

The firm’s 50 day simple moving average is $109.41 and its two-hundred day simple moving average is $76.85. The stock has a market capitalization of $25.89 billion, a P/E ratio of -133.51 and a beta of 3.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd bought a new stake in shares of Nebius Group during the first quarter valued at approximately $331,474,000. Accel Leaders 4 Associates L.P. acquired a new stake in Nebius Group in the 1st quarter valued at $96,704,000. Invesco Ltd. bought a new stake in Nebius Group during the 1st quarter valued at $73,782,000. Fred Alger Management LLC acquired a new position in Nebius Group during the first quarter worth $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new position in Nebius Group during the first quarter worth $46,822,000. 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.