Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price fell 1.7% during trading on Wednesday . The stock traded as low as $38.70 and last traded at $39.14. 2,815,500 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 10,484,557 shares. The stock had previously closed at $39.82.
Analyst Upgrades and Downgrades
Several research firms have commented on NBIS. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. BWS Financial restated a "buy" rating and issued a $60.00 price target on shares of Nebius Group in a research note on Wednesday, May 21st. Northland Securities set a $47.00 price target on shares of Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Finally, DA Davidson set a $45.00 price target on shares of Nebius Group and gave the stock a "buy" rating in a research note on Monday, May 19th.
Check Out Our Latest Report on NBIS
Nebius Group Price Performance
The business's 50 day moving average is $27.39 and its 200 day moving average is $29.74. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of -64.35 and a beta of 3.11.
Hedge Funds Weigh In On Nebius Group
A number of institutional investors and hedge funds have recently modified their holdings of the company. Orbis Allan Gray Ltd acquired a new position in Nebius Group in the first quarter valued at $331,474,000. Accel Leaders 4 Associates L.P. purchased a new stake in shares of Nebius Group in the first quarter valued at about $96,704,000. Invesco Ltd. purchased a new stake in shares of Nebius Group in the first quarter valued at about $73,782,000. Fred Alger Management LLC purchased a new stake in shares of Nebius Group in the first quarter valued at about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in shares of Nebius Group in the first quarter valued at about $46,822,000. Institutional investors and hedge funds own 21.90% of the company's stock.
About Nebius Group
(
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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