Nebius Group (NASDAQ:NBIS) Shares Gap Up – Should You Buy?

Nebius Group N.V. (NASDAQ:NBIS) gapped up prior to trading on Tuesday . The stock had previously closed at $21.11, but opened at $21.66. Nebius Group shares last traded at $20.98, with a volume of 2,358,341 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. BWS Financial reaffirmed a “buy” rating and set a $60.00 target price on shares of Nebius Group in a report on Tuesday, March 4th. DA Davidson began coverage on Nebius Group in a report on Tuesday, February 25th. They issued a “buy” rating and a $50.00 target price on the stock.

Nebius Group Price Performance

The firm has a market cap of $5.76 billion, a price-to-earnings ratio of -42.89 and a beta of 2.47. The firm’s fifty day moving average is $32.34 and its 200-day moving average is $27.40.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nebius Group stock. Centaurus Financial Inc. bought a new position in Nebius Group N.V. (NASDAQ:NBIS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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). 21.90% of the stock is currently owned by institutional investors.

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.