Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as $55.04 and last traded at $52.58, with a volume of 33687918 shares changing hands. The stock had previously closed at $48.28.
Analysts Set New Price Targets
Several brokerages have issued reports on NBIS. BWS Financial lifted their target price on shares of Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday. DA Davidson set a $45.00 price target on Nebius Group and gave the stock a "buy" rating in a research report on Monday, May 19th. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Arete initiated coverage on shares of Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target on the stock. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $64.00.
View Our Latest Analysis on Nebius Group
Nebius Group Stock Down 0.1%
The company has a market capitalization of $12.38 billion, a P/E ratio of -92.12 and a beta of 3.25. The company has a 50 day simple moving average of $29.77 and a two-hundred day simple moving average of $30.86.
Institutional Trading of Nebius Group
Institutional investors have recently bought and sold shares of the stock. Hodges Capital Management Inc. purchased a new stake in shares of Nebius Group in the first quarter worth approximately $2,405,000. Siren L.L.C. purchased a new position in Nebius Group during the first quarter valued at approximately $2,955,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Nebius Group during the first quarter valued at about $9,084,000. Fred Alger Management LLC bought a new stake in shares of Nebius Group in the 1st quarter valued at about $67,431,000. Finally, Two Seas Capital LP purchased a new position in Nebius Group in the first quarter worth $3,166,000. 21.90% of the stock is currently owned by institutional investors.
About Nebius Group
(
Get 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.
Read More
Before you consider Nebius Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nebius Group wasn't on the list.
While Nebius Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
