Nebius Group (NASDAQ:NBIS) Shares Gap Down - Here's What Happened

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $24.45, but opened at $21.60. Nebius Group shares last traded at $22.96, with a volume of 3,207,372 shares trading hands.Analysts Set New Price TargetsThese 4 Stocks Offer High Upside in the AI Data Center BoomA number of equities research analysts have issued reports on NBIS shares. BWS Financial reiterated a "buy" rating and set a $60.00 price objective 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 report on Tuesday, February 25th. They set a "buy" rating and a $50.00 price target on the stock.Get Our Latest Report on NBISNebius Group Price PerformanceMarketBeat Week in Review – 02/24 - 02/28The business's fifty day moving average price is $32.34 and its 200 day moving average price is $27.40. The stock has a market cap of $5.25 billion, a P/E ratio of -39.14 and a beta of 2.47. Hedge Funds Weigh In On Nebius GroupAn institutional investor recently bought a new position in Nebius Group stock. Centaurus Financial Inc. purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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). Institutional investors own 21.90% of the company's stock. 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.Further ReadingFive stocks we like better than Nebius GroupTop Biotech Stocks: Exploring Innovation OpportunitiesTariffs, Spin-Out, and R2 Updates Are Positive Signs for RivianWhat is the S&P 500 and How It is Distinct from Other IndexesCathie Wood Loads Up on Baidu—Is It the Right Time to Buy?Insider Trading - What You Need to KnowBig Buybacks: 3 Large Caps Exceed 5% Repurchase PowerThis 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