Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price rose 8.6% on Tuesday . The company traded as high as $53.00 and last traded at $51.57. Approximately 9,714,516 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 11,245,956 shares. The stock had previously closed at $47.48.
Analyst Ratings Changes
NBIS has been the subject of several research analyst reports. DA Davidson boosted their price objective on shares of Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Northland Securities set a $47.00 price target on Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Arete began coverage on Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective for the company. Finally, BWS Financial boosted their price objective on Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Nebius Group currently has an average rating of "Buy" and an average target price of $66.50.
Read Our Latest Report on NBIS
Nebius Group Stock Performance
The firm's 50-day simple moving average is $37.09 and its 200 day simple moving average is $32.82. The company has a market cap of $12.23 billion, a P/E ratio of -91.03 and a beta of 3.25.
Institutional Investors Weigh In On Nebius Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc acquired a new position in shares of Nebius Group during the 1st quarter worth about $25,000. First Horizon Advisors Inc. bought a new position in Nebius Group during the 1st quarter worth approximately $33,000. Banque Cantonale Vaudoise bought a new position in shares of Nebius Group during the first quarter worth about $33,000. Manchester Capital Management LLC acquired a new stake in Nebius Group in the 1st quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC bought a new stake in Nebius Group in the 1st quarter valued at approximately $36,000. Institutional investors own 21.90% of the company's stock.
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.
Recommended 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 guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
