Nebius Group N.V. (NASDAQ:NBIS) Given Average Rating of "Buy" by Analysts

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) have been given an average rating of "Buy" by the six ratings firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $59.00.

A number of analysts have recently commented on NBIS shares. DA Davidson set a $45.00 target price on shares of Nebius Group and gave the company a "buy" rating in a report on Monday, May 19th. Northland Securities set a $47.00 price target on shares of Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. BWS Financial reissued a "buy" rating and set a $60.00 price objective on shares of Nebius Group in a research note on Wednesday, May 21st. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a report on Thursday.

Hedge Funds Weigh In On Nebius Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hodges Capital Management Inc. purchased a new stake in Nebius Group during the 1st quarter valued at about $2,405,000. Siren L.L.C. bought a new position in shares of Nebius Group in the first quarter worth approximately $2,955,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Nebius Group during the first quarter valued at approximately $9,084,000. Fred Alger Management LLC bought a new stake in shares of Nebius Group during the first quarter valued at approximately $67,431,000. Finally, Two Seas Capital LP purchased a new position in Nebius Group in the 1st quarter worth approximately $3,166,000. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Stock Performance

Shares of NASDAQ NBIS traded up $1.98 during mid-day trading on Friday, hitting $48.28. 19,881,098 shares of the stock traded hands, compared to its average volume of 10,953,291. The company has a market cap of $11.38 billion, a price-to-earnings ratio of -84.70 and a beta of 3.25. The stock has a fifty day moving average price of $29.21 and a 200-day moving average price of $30.53. Nebius Group has a 52 week low of $14.09 and a 52 week high of $50.87.

About Nebius Group

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.