The Goldman Sachs Group Begins Coverage on Nebius Group (NASDAQ:NBIS)

The Goldman Sachs Group began coverage on shares of Nebius Group (NASDAQ:NBIS - Free Report) in a research report released on Monday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $68.00 price target on the stock.

A number of other analysts have also issued reports on the company. Arete Research raised Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Arete assumed coverage on Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 target price on the stock. Wall Street Zen raised Nebius Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. DA Davidson lifted their target price on Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Finally, BWS Financial lifted their price target on Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have given 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 $66.80.

Nebius Group Trading Up 0.7%

NASDAQ:NBIS traded up $0.38 during mid-day trading on Monday, hitting $53.69. The company had a trading volume of 10,835,516 shares, compared to its average volume of 11,325,757. The business has a fifty day simple moving average of $44.92 and a 200-day simple moving average of $34.98. Nebius Group has a 1 year low of $14.09 and a 1 year high of $56.16. The firm has a market capitalization of $12.66 billion, a price-to-earnings ratio of -94.19 and a beta of 3.25.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The business had revenue of $55.30 million during the quarter. During the same period last year, the firm earned ($0.25) EPS. The firm's quarterly revenue was up 385 on a year-over-year basis. As a group, research analysts anticipate that Nebius Group will post -1.1 earnings per share for the current year.

Hedge Funds Weigh In On Nebius Group

Hedge funds have recently bought and sold shares of the company. PFG Investments LLC acquired a new position in Nebius Group in the first quarter worth about $860,000. SeaCrest Wealth Management LLC acquired a new position in Nebius Group in the first quarter valued at approximately $453,000. Colonial River Investments LLC acquired a new position in Nebius Group in the first quarter valued at approximately $330,000. DekaBank Deutsche Girozentrale acquired a new position in Nebius Group in the first quarter valued at approximately $8,519,000. Finally, Vontobel Holding Ltd. acquired a new position in Nebius Group in the first quarter valued at approximately $937,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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.