Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $51.02, but opened at $53.28. Nebius Group shares last traded at $50.46, with a volume of 4,241,835 shares.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on NBIS. Northland Capmk raised Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Wall Street Zen raised Nebius Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. DA Davidson increased their price objective on Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. BWS Financial increased their price objective on Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, Arete Research raised Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $66.50.
Check Out Our Latest Report on Nebius Group
Nebius Group Price Performance
The firm has a fifty day simple moving average of $37.09 and a two-hundred day simple moving average of $32.82. The firm has a market capitalization of $12.40 billion, a P/E ratio of -92.28 and a beta of 3.25.
Hedge Funds Weigh In On Nebius Group
A number of large investors have recently made changes to their positions in the stock. IFP Advisors Inc bought a new position in shares of Nebius Group in the first quarter worth $25,000. Banque Cantonale Vaudoise purchased a new stake in shares of Nebius Group in the first quarter worth $33,000. First Horizon Advisors Inc. purchased a new stake in shares of Nebius Group in the first quarter worth $33,000. Manchester Capital Management LLC purchased a new stake in shares of Nebius Group in the first quarter worth $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Nebius Group in the first quarter worth $36,000. 21.90% of the stock is owned by institutional investors.
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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