Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price was down 4.3% on Friday . The stock traded as low as $46.88 and last traded at $48.14. Approximately 6,441,021 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 11,171,326 shares. The stock had previously closed at $50.28.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on NBIS shares. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Northland Securities set a $47.00 price target on Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Arete started coverage on Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price target for the company. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, BWS Financial raised their price target on Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $64.00.
Get Our Latest Research Report on Nebius Group
Nebius Group Stock Down 6.3%
The stock has a market capitalization of $11.11 billion, a PE ratio of -82.68 and a beta of 3.25. The stock has a fifty day moving average of $32.12 and a 200-day moving average of $31.51.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Orbis Allan Gray Ltd purchased a new position in Nebius Group in the first quarter valued at $331,474,000. Accel Leaders 4 Associates L.P. purchased a new position in shares of Nebius Group in the 1st quarter valued at about $96,704,000. Invesco Ltd. purchased a new position in shares of Nebius Group in the 1st quarter valued at about $73,782,000. Fred Alger Management LLC purchased a new position in shares of Nebius Group in the 1st quarter valued at about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new position in shares of Nebius Group in the 1st quarter valued at about $46,822,000. 21.90% of the stock is currently owned by hedge funds and other 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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