Nebius Group (NASDAQ:NBIS) Coverage Initiated by Analysts at Arete

Arete started coverage on shares of Nebius Group (NASDAQ:NBIS - Free Report) in a report published on Thursday, MarketBeat Ratings reports. The firm issued a buy rating and a $84.00 price objective on the stock.

A number of other research analysts have also issued reports on the stock. DA Davidson set a $45.00 price objective on shares of Nebius Group and gave the company a "buy" rating in a report on Monday, May 19th. BWS Financial reiterated a "buy" rating and issued a $60.00 price objective on shares of Nebius Group in a report on Wednesday, May 21st. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the company an "outperform" rating in a report on Wednesday, May 21st. Finally, Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $59.00.

Nebius Group Trading Up 4.3%

Nebius Group stock traded up $1.98 during trading hours on Thursday, reaching $48.28. 19,881,098 shares of the stock were exchanged, compared to its average volume of 10,955,480. The stock has a 50 day moving average of $29.21 and a two-hundred day moving average of $30.66. The company has a market cap of $11.38 billion, a P/E ratio of -84.70 and a beta of 3.25. Nebius Group has a twelve month low of $14.09 and a twelve month high of $50.87.

Institutional Investors Weigh In On Nebius Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc purchased a new position in shares of Nebius Group during the first quarter worth about $25,000. Banque Cantonale Vaudoise purchased a new stake in Nebius Group in the first quarter worth approximately $33,000. First Horizon Advisors Inc. bought a new stake in Nebius Group in the first quarter valued at approximately $33,000. Manchester Capital Management LLC bought a new stake in Nebius Group in the first quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC bought a new stake in Nebius Group in the first quarter valued at approximately $36,000. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Company Profile

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.