Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) was up 14.9% during mid-day trading on Monday . The company traded as high as $32.98 and last traded at $32.50. Approximately 4,378,522 shares changed hands during trading, a decline of 57% from the average daily volume of 10,179,519 shares. The stock had previously closed at $28.27.
Analyst Upgrades and Downgrades
NBIS has been the subject of a number of recent research reports. Northland Securities assumed coverage on shares of Nebius Group in a report on Tuesday, May 6th. They issued an "outperform" rating and a $34.00 price objective for the company. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. DA Davidson lowered their price objective on shares of Nebius Group from $50.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, BWS Financial reiterated a "buy" rating and set a $60.00 price objective on shares of Nebius Group in a research report on Tuesday, March 4th.
Check Out Our Latest Report on Nebius Group
Nebius Group Trading Up 0.8%
The company's 50-day simple moving average is $24.75 and its 200-day simple moving average is $28.32. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of -63.81 and a beta of 3.11.
Institutional Investors Weigh In On Nebius Group
A number of institutional investors have recently modified their holdings of the company. IFP Advisors Inc bought a new stake in shares of Nebius Group in the 1st quarter valued at $25,000. Banque Cantonale Vaudoise bought a new stake in shares of Nebius Group in the 1st quarter valued at $33,000. First Horizon Advisors Inc. bought a new position in Nebius Group during the first quarter worth $33,000. Manchester Capital Management LLC bought a new position in Nebius Group during the first quarter worth $34,000. Finally, Whipplewood Advisors LLC bought a new position in Nebius Group during the first quarter worth $36,000. 21.90% of the stock is owned by institutional investors.
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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