Nebius Group (NASDAQ:NBIS) Given New $30.00 Price Target at DA Davidson

Nebius Group (NASDAQ:NBIS) had its price objective dropped by stock analysts at DA Davidson from $50.00 to $30.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price target suggests a potential upside of 42.11% from the stock’s current price.

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

Nebius Group Price Performance

Nebius Group stock traded down $0.40 during mid-day trading on Monday, reaching $21.11. 4,481,056 shares of the stock traded hands, compared to its average volume of 10,795,764. The stock has a market capitalization of $4.97 billion, a PE ratio of -37.04 and a beta of 2.54. The business’s 50-day moving average is $30.22 and its 200-day moving average is $27.44. Nebius Group has a 12-month low of $14.09 and a 12-month high of $50.87.

Institutional Investors Weigh In On Nebius Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NBIS. TB Alternative Assets Ltd. purchased a new stake in shares of Nebius Group in the first quarter worth $2,957,000. SeaCrest Wealth Management LLC bought a new position in Nebius Group in the 1st quarter worth $453,000. Intellectus Partners LLC purchased a new stake in Nebius Group in the 1st quarter worth $570,000. Whipplewood Advisors LLC bought a new stake in Nebius Group during the first quarter valued at about $36,000. Finally, GAMMA Investing LLC purchased a new position in shares of Nebius Group in the first quarter valued at about $80,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

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.