Nebius Group (NASDAQ:NBIS) Hits New 52-Week High - Here's What Happened

Key Points

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Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $64.39 and last traded at $66.30, with a volume of 4433073 shares. The stock had previously closed at $55.09.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NBIS shares. Arete assumed coverage on shares of Nebius Group in a research note on Thursday, June 5th. They set a "buy" rating and a $84.00 price objective on the stock. DA Davidson lifted their price target on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday. The Goldman Sachs Group started coverage on shares of Nebius Group in a report on Monday, July 14th. They issued a "buy" rating and a $68.00 price objective on the stock. Wall Street Zen cut Nebius Group from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Finally, BWS Financial increased their price objective on Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Nebius Group has a consensus rating of "Buy" and a consensus target price of $68.80.

Nebius Group Stock Performance

The company has a market cap of $15.78 billion, a P/E ratio of -117.61 and a beta of 3.36. The firm has a 50 day moving average price of $49.34 and a 200-day moving average price of $36.90.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The firm had revenue of $55.30 million during the quarter. During the same quarter in the prior year, the firm posted ($0.25) earnings per share. The business's quarterly revenue was up 385 on a year-over-year basis. On average, sell-side analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Institutional Trading of Nebius Group

A number of institutional investors and hedge funds have recently modified their holdings of NBIS. PFG Investments LLC acquired a new position in shares of Nebius Group in the 1st quarter worth approximately $860,000. SeaCrest Wealth Management LLC bought a new position in shares of Nebius Group in the 1st quarter worth $453,000. DekaBank Deutsche Girozentrale bought a new position in shares of Nebius Group in the 1st quarter worth $8,519,000. Colonial River Investments LLC bought a new position in shares of Nebius Group in the 1st quarter worth $330,000. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Nebius Group in the first quarter valued at about $937,000. 21.90% of the stock is currently owned by institutional investors.

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.

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