Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) rose 3.3% during trading on Wednesday . The company traded as high as $50.20 and last traded at $49.92. Approximately 4,113,179 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 11,198,503 shares. The stock had previously closed at $48.33.
Analysts Set New Price Targets
NBIS has been the subject of a number of recent research reports. DA Davidson increased their price objective on shares of Nebius Group from $50.00 to $55.00 and gave the company a "buy" rating in a report on Monday. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Arete assumed coverage on shares of Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target for the company. Finally, Northland Securities set a $47.00 price target on shares of Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Nebius Group has a consensus rating of "Buy" and an average price target of $66.50.
View Our Latest Stock Analysis on Nebius Group
Nebius Group Trading Down 0.0%
The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of -84.77 and a beta of 3.25. The stock's fifty day simple moving average is $33.72 and its 200-day simple moving average is $32.07.
Institutional Investors Weigh In On Nebius Group
A number of hedge funds have recently added to or reduced their stakes in the business. Orbis Allan Gray Ltd acquired a new stake in shares of Nebius Group in the 1st quarter valued at $331,474,000. Accel Leaders 4 Associates L.P. acquired a new stake in shares of Nebius Group in the 1st quarter valued at $96,704,000. Invesco Ltd. acquired a new stake in shares of Nebius Group in the 1st quarter valued at $73,782,000. Fred Alger Management LLC acquired a new stake in shares of Nebius Group in the 1st quarter valued at $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new stake in shares of Nebius Group in the 1st quarter valued at $46,822,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.
Nebius Group Company Profile
(
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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