Nebius Group (NASDAQ:NBIS) Shares Gap Down – Here’s What Happened

Shares of Nebius Group N.V. (NASDAQ:NBIS) gapped down prior to trading on Thursday . The stock had previously closed at $24.45, but opened at $21.60. Nebius Group shares last traded at $22.96, with a volume of 3,207,372 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NBIS shares. BWS Financial reiterated a “buy” rating and set a $60.00 price objective on shares of Nebius Group in a research note on Tuesday, March 4th. DA Davidson initiated coverage on shares of Nebius Group in a research report on Tuesday, February 25th. They set a “buy” rating and a $50.00 price target on the stock.

Nebius Group Price Performance

The business’s fifty day moving average price is $32.34 and its 200 day moving average price is $27.40. The stock has a market cap of $5.25 billion, a P/E ratio of -39.14 and a beta of 2.47.

Hedge Funds Weigh In On Nebius Group

An institutional investor recently bought a new position in Nebius Group stock. Centaurus Financial Inc. purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 343,130 shares of the company’s stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned approximately 0.15% of Nebius Group as of its most recent filing with the Securities and Exchange Commission (SEC). 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.