Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) traded up 8.7% during trading on Monday after DA Davidson raised their price target on the stock from $50.00 to $55.00. DA Davidson currently has a buy rating on the stock. Nebius Group traded as high as $51.25 and last traded at $51.24. 6,416,287 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 11,192,272 shares. The stock had previously closed at $47.13.
Several other analysts have also issued reports on the company. Arete began coverage on Nebius Group in a report on Thursday, June 5th. They set a "buy" rating and a $84.00 target price on the stock. BWS Financial upped their price target on shares of Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Finally, Northland Capmk raised Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $66.50.
Get Our Latest Report on NBIS
Institutional Investors Weigh In On Nebius Group
A number of hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc acquired a new position in Nebius Group during the 1st quarter worth approximately $25,000. First Horizon Advisors Inc. bought a new stake in shares of Nebius Group during the first quarter worth $33,000. Banque Cantonale Vaudoise acquired a new position in shares of Nebius Group during the first quarter worth $33,000. Manchester Capital Management LLC bought a new position in shares of Nebius Group in the 1st quarter valued at $34,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Nebius Group during the 1st quarter valued at $36,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.
Nebius Group Stock Performance
The firm has a market cap of $11.39 billion, a price-to-earnings ratio of -84.77 and a beta of 3.25. The business has a fifty day simple moving average of $33.72 and a 200-day simple moving average of $32.07.
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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