Wall Street Zen upgraded shares of Nebius Group (NASDAQ:NBIS - Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.
A number of other analysts have also commented on NBIS. BWS Financial upped their price objective on shares of Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Arete started coverage on shares of Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target for the company. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Arete Research raised Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $66.50.
Read Our Latest Stock Report on NBIS
Nebius Group Stock Performance
Shares of NASDAQ:NBIS traded down $0.35 during midday trading on Friday, reaching $47.97. The company had a trading volume of 12,650,272 shares, compared to its average volume of 11,245,525. The company has a fifty day simple moving average of $34.80 and a two-hundred day simple moving average of $32.36. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of -84.16 and a beta of 3.25. Nebius Group has a 1-year low of $14.09 and a 1-year high of $55.04.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc acquired a new stake in shares of Nebius Group during the 1st quarter valued at $25,000. First Horizon Advisors Inc. purchased a new stake in shares of Nebius Group during the first quarter worth $33,000. Banque Cantonale Vaudoise purchased a new stake in shares of Nebius Group during the first quarter worth $33,000. Manchester Capital Management LLC acquired a new stake in Nebius Group during the first quarter valued at $34,000. Finally, Whipplewood Advisors LLC purchased a new position in Nebius Group in the first quarter valued at about $36,000. 21.90% of the stock is owned by hedge funds and other institutional investors.
Nebius Group Company Profile
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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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