Stock Traders Buy Large Volume of Nebius Group Call Options (NASDAQ:NBIS)

Nebius Group N.V. (NASDAQ:NBIS) was the target of unusually large options trading activity on Monday. Stock investors purchased 73,396 call options on the stock. This represents an increase of approximately 35% compared to the typical daily volume of 54,502 call options.

Nebius Group Stock Up 5.8%

Nebius Group stock opened at $35.27 on Wednesday. The business’s 50-day simple moving average is $24.59 and its 200 day simple moving average is $28.26. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of -61.88 and a beta of 3.11. Nebius Group has a 12-month low of $14.09 and a 12-month high of $50.87.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Accel Leaders 4 Associates L.P. acquired a new stake in shares of Nebius Group during the 1st quarter worth approximately $96,704,000. Invesco Ltd. bought a new position in Nebius Group in the first quarter valued at approximately $73,782,000. Burkehill Global Management LP acquired a new stake in Nebius Group during the 1st quarter worth $18,476,000. WCM Investment Management LLC bought a new stake in shares of Nebius Group during the 1st quarter valued at $11,998,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Nebius Group during the 1st quarter valued at $8,519,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. DA Davidson decreased their price objective on shares of Nebius Group from $50.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, April 14th. BWS Financial reiterated a “buy” rating and set a $60.00 target price on shares of Nebius Group in a research report on Tuesday, March 4th. Northland Securities started coverage on shares of Nebius Group in a report on Tuesday, May 6th. They issued an “outperform” rating and a $34.00 price target for the company. Finally, Northland Capmk upgraded shares of Nebius Group to a “strong-buy” rating in a research report on Tuesday, May 6th.

Nebius Group Company Profile

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.