Nebius Group N.V. (NASDAQ:NBIS – Get Free Report)’s share price traded down 5.1% on Friday . The stock traded as low as $23.83 and last traded at $24.10. 4,049,135 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 10,429,127 shares. The stock had previously closed at $25.41.
Analyst Upgrades and Downgrades
NBIS has been the topic of several research reports. DA Davidson initiated coverage on Nebius Group in a research note on Tuesday, February 25th. They set a “buy” rating and a $50.00 price objective on the stock. BWS Financial reissued a “buy” rating and set a $60.00 price target on shares of Nebius Group in a research report on Tuesday, March 4th.
Get Our Latest Analysis on NBIS
Nebius Group Price Performance
Hedge Funds Weigh In On Nebius Group
A hedge fund recently bought a new stake in Nebius Group stock. Centaurus Financial Inc. purchased 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 and Exchange Commission. The institutional investor purchased 343,130 shares of the company’s stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned 0.15% of Nebius Group at the end of the most recent quarter. 21.90% of the stock is owned by institutional investors and hedge funds.
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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