SeaCrest Wealth Management LLC bought a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,450 shares of the company's stock, valued at approximately $453,000.
A number of other institutional investors have also recently made changes to their positions in the company. Centaurus Financial Inc. bought a new position in Nebius Group in the 4th quarter worth approximately $9,505,000. Intellectus Partners LLC purchased a new stake in shares of Nebius Group during the first quarter worth $570,000. GAMMA Investing LLC bought a new position in shares of Nebius Group in the first quarter worth $80,000. Finally, Whipplewood Advisors LLC purchased a new stake in Nebius Group during the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 21.90% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Northland Securities set a $47.00 target price on Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. DA Davidson set a $45.00 target price on shares of Nebius Group and gave the stock a "buy" rating in a research note on Monday, May 19th. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Finally, BWS Financial boosted their price target on shares of Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $64.00.
Read Our Latest Analysis on NBIS
Nebius Group Trading Down 4.0%
Shares of NBIS traded down $2.09 during trading hours on Wednesday, reaching $50.42. 12,771,895 shares of the company's stock traded hands, compared to its average volume of 11,179,800. Nebius Group N.V. has a 12 month low of $14.09 and a 12 month high of $55.04. The stock has a market cap of $11.89 billion, a PE ratio of -88.46 and a beta of 3.25. The firm's 50 day simple moving average is $30.39 and its 200-day simple moving average is $31.01.
About Nebius Group
(
Free Report)
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.
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