Nebius Group (NASDAQ:NBIS) Price Target Lowered to $30.00 at DA Davidson

Nebius Group (NASDAQ:NBIS - Get Free Report) had its price objective decreased by equities research analysts at DA Davidson from $50.00 to $30.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's price target suggests a potential upside of 39.34% from the stock's previous close.

Separately, BWS Financial restated a "buy" rating and issued a $60.00 target price on shares of Nebius Group in a research report on Tuesday, March 4th.

Nebius Group Trading Up 2.1 %

NBIS traded up $0.45 during midday trading on Monday, hitting $21.53. 3,959,909 shares of the company traded hands, compared to its average volume of 10,651,537. Nebius Group has a 52-week low of $14.09 and a 52-week high of $50.87. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of -37.77 and a beta of 2.54. The business has a 50 day simple moving average of $28.96 and a two-hundred day simple moving average of $27.39.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Centaurus Financial Inc. acquired a new position in shares of Nebius Group in the fourth quarter worth $9,505,000. SG Americas Securities LLC acquired a new stake in Nebius Group in the 1st quarter valued at about $3,415,000. TB Alternative Assets Ltd. purchased a new position in shares of Nebius Group in the 1st quarter valued at about $2,957,000. Exchange Traded Concepts LLC purchased a new stake in shares of Nebius Group during the first quarter worth approximately $2,621,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Nebius Group in the first quarter valued at approximately $1,196,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Nebius Group Company Profile

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.