Arete initiated coverage on shares of Nebius Group (NASDAQ:NBIS - Free Report) in a research report sent to investors on Thursday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $84.00 price objective on the stock.
NBIS has been the topic of several other research reports. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the stock an "outperform" rating in a report on Wednesday, May 21st. DA Davidson set a $45.00 target price on Nebius Group and gave the company a "buy" rating in a report on Monday, May 19th. Finally, BWS Financial reiterated a "buy" rating and set a $60.00 price target on shares of Nebius Group in a research note on Wednesday, May 21st. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $59.00.
View Our Latest Research Report on NBIS
Nebius Group Trading Up 4.3%
Shares of NBIS stock traded up $1.98 during trading hours on Thursday, reaching $48.28. 19,881,098 shares of the company's stock were exchanged, compared to its average volume of 10,953,096. The stock's 50 day moving average is $28.70 and its 200-day moving average is $30.34. Nebius Group has a fifty-two week low of $14.09 and a fifty-two week high of $50.87. The company has a market cap of $11.38 billion, a price-to-earnings ratio of -84.70 and a beta of 3.25.
Institutional Investors Weigh In On Nebius Group
Institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc purchased a new stake in Nebius Group during the first quarter valued at about $25,000. First Horizon Advisors Inc. bought a new stake in shares of Nebius Group during the 1st quarter valued at about $33,000. Banque Cantonale Vaudoise bought a new stake in Nebius Group in the first quarter valued at $33,000. Manchester Capital Management LLC acquired a new stake in Nebius Group in the first quarter worth about $34,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Nebius Group in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 21.90% of the company's stock.
Nebius Group Company Profile
(
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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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