Nebius Group (NASDAQ:NBIS) Reaches New 52-Week High - What's Next?

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $56.16 and last traded at $54.79, with a volume of 1215475 shares trading hands. The stock had previously closed at $53.31.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Arete began coverage on Nebius Group in a research note on Thursday, June 5th. They set a "buy" rating and a $84.00 target price on the stock. BWS Financial increased their target price on shares of Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Northland Securities set a $47.00 price target on Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Nebius Group has a consensus rating of "Buy" and a consensus price target of $66.80.

Nebius Group Price Performance

The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of -92.61 and a beta of 3.25. The stock's 50 day moving average price is $44.92 and its two-hundred day moving average price is $34.98.

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

Institutional Trading of Nebius Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc acquired a new stake in shares of Nebius Group during the 1st quarter worth approximately $25,000. Signaturefd LLC boosted its stake in Nebius Group by 125.0% during the second quarter. Signaturefd LLC now owns 450 shares of the company's stock worth $25,000 after buying an additional 250 shares in the last quarter. SJS Investment Consulting Inc. bought a new stake in Nebius Group in the 2nd quarter valued at $31,000. First Horizon Advisors Inc. acquired a new position in shares of Nebius Group in the 1st quarter valued at $33,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Nebius Group in the 1st quarter valued at $33,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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.