Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) rose 2% on Friday . The stock traded as high as $48.57 and last traded at $47.22. Approximately 9,781,185 shares changed hands during trading, a decline of 10% from the average daily volume of 10,895,533 shares. The stock had previously closed at $46.30.
Wall Street Analysts Forecast Growth
NBIS has been the topic of several recent analyst reports. DA Davidson set a $45.00 target price on Nebius Group and gave the stock a "buy" rating in a research report on Monday, May 19th. Northland Securities set a $47.00 target price on 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 research report on Tuesday, May 6th. BWS Financial reiterated a "buy" rating and set a $60.00 target price on shares of Nebius Group in a research report on Wednesday, May 21st. Finally, Arete initiated coverage on Nebius Group in a research report on Thursday. They set a "buy" rating and a $84.00 target price on the stock. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $59.00.
Check Out Our Latest Analysis on NBIS
Nebius Group Stock Performance
The business has a fifty day moving average price of $29.21 and a 200 day moving average price of $30.53. The company has a market capitalization of $11.38 billion, a PE ratio of -84.70 and a beta of 3.25.
Hedge Funds Weigh In On Nebius Group
A number of large investors have recently modified their holdings of the company. Hodges Capital Management Inc. purchased a new position in shares of Nebius Group in the 1st quarter worth about $2,405,000. Siren L.L.C. purchased a new position in shares of Nebius Group in the 1st quarter worth about $2,955,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Nebius Group in the 1st quarter worth about $9,084,000. Fred Alger Management LLC purchased a new position in shares of Nebius Group in the 1st quarter worth about $67,431,000. Finally, Two Seas Capital LP purchased a new position in shares of Nebius Group in the 1st quarter worth about $3,166,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.
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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