Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $39.39, but opened at $41.42. Nebius Group shares last traded at $46.51, with a volume of 18,262,954 shares trading hands.
Analyst Ratings Changes
A number of analysts recently commented on the stock. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Thursday. BWS Financial reaffirmed a "buy" rating and issued a $60.00 target price on shares of Nebius Group in a research note on Wednesday, May 21st. 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. Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Arete began coverage on shares of Nebius Group in a research note on Thursday. They issued a "buy" rating and a $84.00 target price for the company. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $59.00.
Check Out Our Latest Analysis on NBIS
Nebius Group Trading Up 3.2%
The stock's 50 day moving average price is $28.70 and its 200 day moving average price is $30.34. The company has a market capitalization of $11.27 billion, a price-to-earnings ratio of -84.79 and a beta of 3.25.
Hedge Funds Weigh In On Nebius Group
A number of large investors have recently modified their holdings of the business. Orbis Allan Gray Ltd acquired a new position in shares of Nebius Group during the 1st quarter worth about $331,474,000. Accel Leaders 4 Associates L.P. acquired a new position in shares of Nebius Group during the 1st quarter worth about $96,704,000. Invesco Ltd. acquired a new position in shares of Nebius Group during the 1st quarter worth about $73,782,000. Fred Alger Management LLC acquired a new position in shares of Nebius Group during the 1st quarter worth about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new position in shares of Nebius Group during the 1st quarter worth about $46,822,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.
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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