Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $36.75, but opened at $34.83. Nebius Group shares last traded at $35.21, with a volume of 6,595,871 shares traded.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on NBIS shares. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. DA Davidson set a $45.00 price target on shares of Nebius Group and gave the stock a "buy" rating in a research report on Monday, May 19th. BWS Financial restated a "buy" rating and set a $60.00 price target on shares of Nebius Group in a research report on Wednesday, May 21st. Finally, Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th.
Check Out Our Latest Report on Nebius Group
Nebius Group Trading Up 5.7%
The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of -69.11 and a beta of 3.11. The firm's fifty day simple moving average is $28.19 and its two-hundred day simple moving average is $30.15.
Hedge Funds Weigh In On Nebius Group
Several institutional investors and hedge funds have recently bought and sold shares of the company. IFP Advisors Inc acquired a new position in Nebius Group in the 1st quarter valued at about $25,000. Banque Cantonale Vaudoise acquired a new position in Nebius Group in the 1st quarter valued at about $33,000. First Horizon Advisors Inc. acquired a new position in Nebius Group in the 1st quarter valued at about $33,000. Manchester Capital Management LLC acquired a new position in Nebius Group in the 1st quarter valued at about $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Nebius Group in the 1st quarter valued at approximately $36,000. 21.90% of the stock is currently 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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