Nebius Group (NASDAQ:NBIS) Earns Outperform Rating from Analysts at Northland Securities

Equities research analysts at Northland Securities initiated coverage on shares of Nebius Group (NASDAQ:NBIS - Get Free Report) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage set an "outperform" rating and a $34.00 price target on the stock. Northland Securities' price target points to a potential upside of 20.27% from the stock's previous close.

Several other brokerages have also recently issued reports on NBIS. BWS Financial reissued a "buy" rating and set a $60.00 target price on shares of Nebius Group in a report on Tuesday, March 4th. DA Davidson reduced their price objective on Nebius Group from $50.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, April 14th.

Nebius Group Price Performance

NASDAQ:NBIS traded up $0.05 during midday trading on Tuesday, hitting $28.27. The company's stock had a trading volume of 8,068,435 shares, compared to its average volume of 10,210,488. Nebius Group has a fifty-two week low of $14.09 and a fifty-two week high of $50.87. The firm has a market cap of $6.66 billion, a P/E ratio of -49.60 and a beta of 3.11. The firm's 50 day moving average is $24.36 and its 200-day moving average is $27.97.

Institutional Trading of Nebius Group

A number of hedge funds have recently added to or reduced their stakes in NBIS. IFP Advisors Inc acquired a new position in shares of Nebius Group in the first quarter worth about $25,000. Banque Cantonale Vaudoise acquired a new position in Nebius Group in the 1st quarter worth about $33,000. First Horizon Advisors Inc. purchased a new position in Nebius Group during the first quarter worth approximately $33,000. Manchester Capital Management LLC acquired a new stake in Nebius Group in the first quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Nebius Group in the first quarter valued at approximately $36,000. 21.90% of the stock is owned by hedge funds and other 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.