Nebius Group (NASDAQ:NBIS) Trading 14.6% Higher – Should You Buy?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price was up 14.6% during mid-day trading on Friday . The company traded as high as $90.54 and last traded at $89.46. Approximately 17,382,788 shares changed hands during mid-day trading, an increase of 16% from the average daily volume of 15,048,879 shares. The stock had previously closed at $78.09.

Analyst Upgrades and Downgrades

A number of research firms have 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. BWS Financial reissued a “buy” rating and set a $130.00 price objective on shares of Nebius Group in a report on Thursday, November 13th. CICC Research started coverage on shares of Nebius Group in a research note on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 target price for the company. Northland Securities upped their target price on shares of Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Finally, DA Davidson reissued a “buy” rating and issued a $150.00 price target on shares of Nebius Group in a report on Wednesday, November 12th. 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 company’s stock. Based on data from MarketBeat.com, Nebius Group presently has an average rating of “Buy” and a consensus price target of $144.71.

Nebius Group Price Performance

The business’s 50 day simple moving average is $103.09 and its 200-day simple moving average is $80.51. The stock has a market capitalization of $22.53 billion, a P/E ratio of -116.18 and a beta of 3.83.

Institutional Trading of Nebius Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Advisors LLC raised its holdings in Nebius Group by 0.4% in the third quarter. Harbor Advisors LLC now owns 27,600 shares of the company’s stock worth $3,099,000 after purchasing an additional 100 shares during the period. SOA Wealth Advisors LLC. raised its stake in Nebius Group by 38.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock worth $51,000 after buying an additional 125 shares during the period. SlateStone Wealth LLC lifted its holdings 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 acquiring an additional 200 shares in the last quarter. Lodestar Private Asset Management LLC grew its stake in Nebius Group by 4.7% in the third quarter. Lodestar Private Asset Management LLC now owns 4,838 shares of the company’s stock valued at $543,000 after acquiring an additional 217 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Nebius Group by 2.5% in the second quarter. PNC Financial Services Group Inc. now owns 9,613 shares of the company’s stock worth $532,000 after acquiring an additional 231 shares in the last quarter. 21.90% of the stock is owned by 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.