Nebius Group (NASDAQ:NBIS) Trading Down 4.4% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS) shares fell 4.4% during mid-day trading on Thursday . The stock traded as low as $33.41 and last traded at $34.40. 8,103,934 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 13,363,909 shares. The stock had previously closed at $35.98.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NBIS. BWS Financial lifted their price objective on Nebius Group from $51.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 21st. DA Davidson began coverage on Nebius Group in a research report on Tuesday. They issued a “buy” rating and a $50.00 price objective for the company.

Nebius Group Trading Up 1.4 %

The stock’s 50-day simple moving average is $34.92. The firm has a market cap of $7.65 billion, a PE ratio of -57.00 and a beta of 2.58.

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.