Nebius Group (NASDAQ:NBIS) Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Nebius Group (NASDAQ:NBIS - Free Report) from a sell rating to a hold rating in a report issued on Saturday morning.

A number of other equities analysts have also recently issued reports on NBIS. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. BWS Financial upped their target price on Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Northland Securities set a $47.00 price target on shares of Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Finally, DA Davidson upped their price objective on shares of Nebius Group from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, June 16th. One analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $66.50.

Nebius Group Stock Up 7.5%

Shares of NASDAQ NBIS traded up $3.54 during mid-day trading on Friday, reaching $51.02. 17,897,006 shares of the company were exchanged, compared to its average volume of 11,293,483. Nebius Group has a 52 week low of $14.09 and a 52 week high of $55.04. The company's 50 day moving average price is $35.33 and its 200 day moving average price is $32.44. The stock has a market capitalization of $12.03 billion, a PE ratio of -89.51 and a beta of 3.25.

Institutional Trading of Nebius Group

Several hedge funds and other institutional investors have recently bought and sold shares of NBIS. IFP Advisors Inc bought a new position in shares of Nebius Group in the first quarter worth approximately $25,000. Banque Cantonale Vaudoise purchased a new stake in Nebius Group during the 1st quarter valued at $33,000. First Horizon Advisors Inc. bought a new stake in Nebius Group in the 1st quarter worth $33,000. Manchester Capital Management LLC purchased a new position in shares of Nebius Group in the first quarter valued at about $34,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Nebius Group during the first quarter valued at about $36,000. Institutional investors own 21.90% of the company's stock.

About Nebius Group

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.