Nebius Group (NASDAQ:NBIS) Shares Down 9.1% - What's Next?

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) traded down 9.1% during mid-day trading on Wednesday . The stock traded as low as $24.43 and last traded at $24.71. 8,348,866 shares were traded during trading, a decline of 19% from the average session volume of 10,302,914 shares. The stock had previously closed at $27.17.Analyst Ratings ChangesThese 4 Stocks Offer High Upside in the AI Data Center BoomSeveral analysts recently weighed in on NBIS shares. BWS Financial restated a "buy" rating and set a $60.00 price objective on shares of Nebius Group in a research report on Tuesday, March 4th. DA Davidson initiated coverage on shares of Nebius Group in a report on Tuesday, February 25th. They set a "buy" rating and a $50.00 price target for the company.Get Our Latest Research Report on Nebius GroupNebius Group Price PerformanceMarketBeat Week in Review – 02/24 - 02/28The business's 50 day moving average price is $33.51. The company has a market cap of $5.25 billion, a PE ratio of -39.14 and a beta of 2.47. Institutional Investors Weigh In On Nebius GroupAn institutional investor recently bought a new position in Nebius Group stock. Centaurus Financial Inc. acquired a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 343,130 shares of the company's stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned about 0.15% of Nebius Group as of its most recent filing with the Securities and Exchange Commission. 21.90% of the stock is owned by institutional investors. Nebius Group Company Profile (Get Free Report)Nebius Slides Post-Earnings: A Long-Term Buy Opportunity?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.See AlsoFive stocks we like better than Nebius GroupWhat Are Dividend Achievers? An IntroductionWhy Dollar Tree’s Family Dollar Sale Could Spark a ComebackAre Penny Stocks a Good Fit for Your Portfolio?JPMorgan: The 'NVIDIA of Banking' Poised for More Gains?Growth Investing: Should You Adopt This Investing Strategy in 2022?Buy the Chewy Stock Reversal? Here’s Why Now Is the TimeThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Nebius Group Right Now?Before you consider Nebius Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nebius Group wasn't on the list.While Nebius Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here