Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price was down 1.3% during trading on Wednesday . The stock traded as low as $50.05 and last traded at $50.38. Approximately 7,393,269 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 11,271,168 shares. The stock had previously closed at $51.02.
Analysts Set New Price Targets
Several equities analysts have commented on NBIS shares. Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Arete started coverage on Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price for the company. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. BWS Financial raised their price objective on Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Northland Securities set a $47.00 price objective on Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $66.50.
Check Out Our Latest Stock Analysis on NBIS
Nebius Group Price Performance
The company has a market capitalization of $12.22 billion, a P/E ratio of -90.95 and a beta of 3.25. The stock has a 50-day moving average price of $37.70 and a 200-day moving average price of $32.95.
Institutional Investors Weigh In On Nebius Group
A number of hedge funds have recently added to or reduced their stakes in the business. Hodges Capital Management Inc. bought a new stake in Nebius Group in the first quarter worth approximately $2,405,000. Siren L.L.C. bought a new stake in Nebius Group in the first quarter worth approximately $2,955,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Nebius Group in the first quarter worth approximately $9,084,000. Fred Alger Management LLC bought a new stake in Nebius Group in the first quarter worth approximately $67,431,000. Finally, Two Seas Capital LP bought a new stake in Nebius Group in the first quarter worth approximately $3,166,000. 21.90% of the stock is currently owned by institutional investors.
Nebius Group Company Profile
(
Get Free Report)
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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