Nebius Group (NBIS) jumped 11.8% on Friday, trading as high as $156.00 before settling at $154.49. Volume hit roughly 15.7 million, slightly above its daily average.
The catalyst was a deal to acquire Eigen AI for approximately $643 million in a mix of cash and stock.
Eigen AI’s tools focus on inference and post-training optimization. Nebius plans to fold those capabilities into its Nebius Token Factory platform, which manages production AI workloads.
The deal is expected to close in the coming weeks, pending standard conditions including antitrust clearance.
Nebius said the acquisition could also grow its U.S. footprint. Eigen AI’s founding team is expected to help build an engineering and research base in the San Francisco Bay Area.
The stock also got a lift from bullish options activity. Traders bought around 130,000 call contracts on the day — about 23% above average — signaling speculative interest ahead of near-term catalysts.
A broader tech rally also helped. AI and cloud names were generally up on Friday as the Nasdaq climbed.
Analyst sentiment is mixed but leans positive. The average rating on NBIS is “Moderate Buy” with a consensus price target of $154.75, right in line with where the stock closed.
DA Davidson has the most bullish target at $200.00, while Morgan Stanley sits at the lower end with an “equal weight” rating and a $126.00 target. Bank of America and Compass Point both hold “buy” ratings with $150.00 targets.
On the insider front, two executives sold stock in mid-April. Director Elena Bunina sold 6,250 shares at $161.22, and CRO Marc Boroditsky sold 4,500 at $160.10. Both sales were executed under pre-arranged 10b5-1 plans.
In total, insiders sold around 129,740 shares worth over $14.6 million in the last quarter.
The company’s fundamentals remain a concern. Nebius missed EPS estimates in its last reported quarter, posting a loss of $0.69 per share against a consensus of -$0.42. Revenue came in at $227.7 million, below the $246 million expected.
The company carries a P/E ratio of -105.82 and a beta of 4.20, reflecting its high-volatility, high-risk profile. Analysts expect a full-year loss of $2.44 per share.
The stock’s 50-day moving average sits at $120.73 and its 200-day at $106.24, meaning Friday’s close is well above both.
Institutional investors own about 21.9% of NBIS.
Q1 2026 results are due May 13, pre-market.
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