Nebius Group (NASDAQ:NBIS) Shares Decline: Should You Sell?

Shares of Nebius Group N.V. (NASDAQ:NBIS) witnessed a 5.1% decline during Friday's trading session. The stock price dropped to a low of $23.83 before it was last traded at $24.10. During midday trading, roughly 4,049,135 shares changed hands, which is a significant decrease of 61% compared to the average daily volume of 10,429,127 shares. The stock had closed at $25.41 the previous day.

Analyst Outlook on Nebius Group

Several analysts recently shared their perspectives on NBIS stock. BWS Financial reaffirmed a "buy" rating and established a target price of $60.00 for shares of Nebius Group in a report published on March 4th. Meanwhile, DA Davidson initiated coverage of Nebius Group in a note dated February 25th, also assigning a "buy" rating with a price target of $50.00.

Nebius Group Stock Overview

The company has a 50-day moving average price of $33.51 and carries a market capitalization of $5.28 billion. Its price-to-earnings ratio stands at -39.26, while the stock exhibits a beta value of 2.47, indicating higher volatility compared to the market.

Institutional Investments in Nebius Group

Recently, a hedge fund established a new stake in Nebius Group stock. Centaurus Financial Inc. purchased 343,130 shares of Nebius Group N.V. (NASDAQ:NBIS) during the fourth quarter, according to their latest filing with the Securities and Exchange Commission. This investment, valued at around $9,505,000, constitutes about 0.15% of Nebius Group. Currently, institutional investors, including hedge funds, own approximately 21.90% of the company's stock.

About Nebius Group

Nebius Group N.V. is a technology firm that develops intelligent products and services leveraging machine learning and other advanced technologies. Their offerings help both businesses and consumers navigate the online and offline environments. The company’s services include Nebius AI, a cloud platform focused on AI infrastructure and solutions, as well as Toloka AI, which provides generative AI solutions throughout the entire lifecycle—from data annotation and generation to model training and quality assessment of large language models.

Investment Considerations

Before making any investment in Nebius Group, potential investors may want to consider various factors. While the stock possesses a Buy rating from analysts, there are other stocks that may presently offer stronger potential.

MarketBeat has identified different stocks that top analysts have recommended, which may be worth considering before investing in Nebius Group.

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