Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) was up 2.4% on Thursday . The stock traded as high as $41.80 and last traded at $40.53. Approximately 4,344,312 shares traded hands during trading, a decline of 59% from the average daily volume of 10,479,187 shares. The stock had previously closed at $39.60.
Analyst Upgrades and Downgrades
NBIS has been the topic of a number of recent analyst reports. Northland Securities set a $47.00 price objective on Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. DA Davidson set a $45.00 price objective on Nebius Group and gave the company a "buy" rating in a report on Monday, May 19th. Northland Capmk raised Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, BWS Financial reissued a "buy" rating and issued a $60.00 target price on shares of Nebius Group in a report on Wednesday, May 21st.
Check Out Our Latest Analysis on Nebius Group
Nebius Group Stock Performance
The stock has a fifty day simple moving average of $27.39 and a 200-day simple moving average of $29.74. The stock has a market cap of $8.65 billion, a P/E ratio of -64.35 and a beta of 3.11.
Institutional Investors Weigh In On Nebius Group
Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc bought a new position in shares of Nebius Group during the first quarter worth approximately $25,000. Banque Cantonale Vaudoise acquired a new stake in Nebius Group in the first quarter valued at approximately $33,000. First Horizon Advisors Inc. acquired a new stake in Nebius Group in the first quarter valued at approximately $33,000. Manchester Capital Management LLC acquired a new stake in Nebius Group in the first quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Nebius Group during the first quarter worth $36,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.
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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