Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) dropped 5.4% on Tuesday . The stock traded as low as $49.34 and last traded at $49.76. Approximately 10,586,601 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 11,102,272 shares. The stock had previously closed at $52.58.
Analyst Ratings Changes
NBIS has been the topic of several analyst reports. DA Davidson set a $45.00 target price on Nebius Group and gave the company a "buy" rating in a research note on Monday, May 19th. BWS Financial lifted their price target on Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Northland Securities set a $47.00 price target on Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Finally, Arete began coverage on Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target on the stock. 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, Nebius Group presently has a consensus rating of "Buy" and a consensus target price of $64.00.
Check Out Our Latest Research Report on Nebius Group
Nebius Group Stock Down 3.7%
The firm has a fifty day moving average of $30.39 and a 200-day moving average of $31.01. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of -88.72 and a beta of 3.25.
Hedge Funds Weigh In On Nebius Group
Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc acquired a new position in shares of Nebius Group in the first quarter worth $25,000. First Horizon Advisors Inc. acquired a new position in shares of Nebius Group in the first quarter worth $33,000. Banque Cantonale Vaudoise acquired a new position in shares of Nebius Group in the first quarter worth $33,000. Manchester Capital Management LLC acquired a new position in shares of Nebius Group in the first quarter worth $34,000. Finally, Whipplewood Advisors LLC acquired a new position in Nebius Group in the first quarter valued at $36,000. 21.90% of the stock is owned by institutional investors and hedge funds.
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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