Nebius Group Sees Unusually High Options Volume (NASDAQ:NBIS)

Nebius Group N.V. (NASDAQ:NBIS) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 78,837 call options on the company. This is an increase of approximately 84% compared to the average volume of 42,837 call options.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. BWS Financial increased their target price on shares of Nebius Group from $51.00 to $60.00 and gave the company a “buy” rating in a report on Friday, February 21st. DA Davidson started coverage on Nebius Group in a report on Tuesday. They issued a “buy” rating and a $50.00 price target on the stock.

Nebius Group Stock Down 5.5 %

Nebius Group stock opened at $34.21 on Wednesday. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of -60.02 and a beta of 2.57. Nebius Group has a 52 week low of $14.09 and a 52 week high of $50.87. The stock has a 50-day simple moving average of $34.52.

About Nebius Group

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.