Nebius Group (NASDAQ:NBIS) Experiences 5.1% Decline - Should You Consider Selling?

Nebius Group N.V. (NASDAQ:NBIS) saw its share price drop by 5.1% during trading on Thursday. The stock reached a low of $26.70 before closing at $26.94. A total of 3,611,422 shares exchanged hands, reflecting a significant decline of 65% compared to the average trading volume of 10,377,376 shares. The previous closing price was $28.40.

Analyst Projections for Nebius Group

Several research firms have weighed in on Nebius Group. DA Davidson initiated coverage on February 25th, classifying the stock with a "buy" rating and setting a target price of $50.00. Similarly, BWS Financial maintained a "buy" rating with a price target of $60.00 in their report dated March 4th.

Performance and Market Overview

As of now, Nebius Group stock is showing a 50-day moving average of $34.83. The company holds a market capitalization of $6.77 billion, with a price-to-earnings (PE) ratio standing at -50.44 and a beta of 2.47, suggesting significant volatility associated with the stock.

Recent Institutional Transactions

In terms of institutional trading, Centaurus Financial Inc. made a significant move by acquiring a new stake in Nebius Group during the fourth quarter. Their recent filings with the Securities and Exchange Commission (SEC) reveal that they purchased 343,130 shares, totaling approximately $9,505,000. Following this acquisition, Centaurus Financial Inc. held about 0.15% of Nebius Group at the close of the reporting period, while institutional investors collectively own approximately 21.90% of the stock.

Understanding Nebius Group's Business Model

Nebius Group N.V. is a technology company specializing in intelligent products and services driven by machine learning and other advanced technologies. They assist both consumers and businesses in navigating digital and physical environments. Their offerings include Nebius AI, a cloud platform focused on AI and machine learning solutions, and Toloka AI, which provides generative AI services across various stages of the AI lifecycle, including data annotation, model training, and quality control.

Investment Considerations

Before deciding to invest in Nebius Group, it is essential to consider your investment goals. Despite the current "buy" rating from analysts, there are other stocks that might present better investment opportunities, according to some top-rated analysts.

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