Nebius Group (NASDAQ:NBIS) Trading 2.6% Higher – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS) shares shot up 2.6% during trading on Wednesday . The company traded as high as $101.85 and last traded at $100.43. 11,675,525 shares were traded during trading, a decline of 7% from the average session volume of 12,566,940 shares. The stock had previously closed at $97.87.

Analysts Set New Price Targets

NBIS has been the subject of a number of research reports. CICC Research initiated coverage on shares of Nebius Group in a research note on Tuesday, November 11th. They set an “outperform” rating and a $143.00 target price for the company. Northland Securities raised their price target on Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Citizens Jmp began coverage on Nebius Group in a report on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 price objective on the stock. BWS Financial reiterated a “buy” rating and issued a $130.00 target price on shares of Nebius Group in a research note on Thursday, November 13th. Finally, Wall Street Zen lowered shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Nebius Group presently has an average rating of “Moderate Buy” and a consensus price target of $142.38.

Nebius Group Trading Up 2.6%

The stock has a market capitalization of $25.29 billion, a price-to-earnings ratio of -130.43 and a beta of 4.00. The company has a fifty day moving average of $93.66 and a two-hundred day moving average of $90.29.

Institutional Trading of Nebius Group

Several large investors have recently modified their holdings of the company. Barrett & Company Inc. acquired a new position in Nebius Group in the 4th quarter valued at $42,000. Teacher Retirement System of Texas bought a new position in Nebius Group in the 4th quarter worth approximately $8,837,000. Kingswood Wealth Advisors LLC lifted its holdings in shares of Nebius Group by 175.8% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 5,515 shares of the company’s stock worth $462,000 after buying an additional 3,515 shares during the last quarter. Warm Springs Advisors Inc. bought a new stake in shares of Nebius Group in the fourth quarter valued at approximately $2,344,000. Finally, Prakash Investment Advisors LLC grew its stake in shares of Nebius Group by 10,630.3% in the fourth quarter. Prakash Investment Advisors LLC now owns 8,155 shares of the company’s stock worth $683,000 after acquiring an additional 8,079 shares during 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.