Nebius Group N.V. (NASDAQ:NBIS – Get Free Report) shares traded down 6.9% on Tuesday . The company traded as low as $27.57 and last traded at $27.16. 4,349,662 shares were traded during trading, a decline of 58% from the average session volume of 10,346,902 shares. The stock had previously closed at $29.19.
Analysts Set New Price Targets
Several analysts recently commented on the company. BWS Financial reaffirmed a “buy” rating and issued a $60.00 price target 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 note on Tuesday, February 25th. They issued a “buy” rating and a $50.00 target price on the stock.
View Our Latest Analysis on Nebius Group
Nebius Group Price Performance
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Nebius Group stock. Centaurus Financial Inc. bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS – Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 21.90% of the company’s stock.
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.
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