Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price traded up 2% on Tuesday . The stock traded as high as $36.85 and last traded at $36.74. 4,199,230 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 10,514,798 shares. The stock had previously closed at $36.02.
Wall Street Analyst Weigh In
NBIS has been the topic of a number of analyst reports. Northland Securities set a $47.00 price objective 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 objective on shares of Nebius Group and gave the stock a "buy" rating in a research note on Monday, May 19th. Arete initiated coverage on shares of Nebius Group in a research note on Thursday. They set a "buy" rating and a $84.00 price objective on the stock. BWS Financial reaffirmed a "buy" rating and set a $60.00 price objective on shares of Nebius Group in a research note on Wednesday, May 21st. Finally, Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research note on Thursday. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nebius Group presently has an average rating of "Buy" and a consensus price target of $59.00.
View Our Latest Research Report on NBIS
Nebius Group Stock Performance
The firm has a market cap of $11.38 billion, a price-to-earnings ratio of -84.70 and a beta of 3.25. The business's 50 day moving average price is $29.21 and its 200 day moving average price is $30.60.
Hedge Funds Weigh In On Nebius Group
Several institutional investors have recently bought and sold shares of the company. IFP Advisors Inc purchased a new stake in Nebius Group during the first quarter worth approximately $25,000. Banque Cantonale Vaudoise acquired a new position in Nebius Group during the first quarter worth $33,000. First Horizon Advisors Inc. acquired a new position in Nebius Group during the first quarter worth $33,000. Manchester Capital Management LLC acquired a new position in Nebius Group during the first quarter worth $34,000. Finally, Whipplewood Advisors LLC acquired a new position in Nebius Group during the first quarter worth $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.
Featured Stories
Before you consider Nebius Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nebius Group wasn't on the list.
While Nebius Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
