Nebius Group (NASDAQ:NBIS) Coverage Initiated at Citizens Jmp

Citizens Jmp initiated coverage on shares of Nebius Group (NASDAQ:NBIS) in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm set a “market outperform” rating and a $175.00 price target on the stock. Citizens Jmp’s target price would suggest a potential upside of 93.28% from the company’s current price.

Several other equities research analysts have also recently commented on NBIS. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nebius Group in a research report on Tuesday, November 11th. Northland Securities lifted their price objective on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Seaport Res Ptn raised Nebius Group to a “hold” rating in a research report on Monday, September 15th. CICC Research initiated coverage on Nebius Group in a research report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price target on the stock. Finally, BWS Financial reiterated a “buy” rating and issued a $130.00 price objective on shares of Nebius Group in a report on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Nebius Group presently has a consensus rating of “Buy” and an average target price of $144.71.

Nebius Group Trading Up 5.3%

Shares of Nebius Group stock opened at $90.54 on Wednesday. The business has a 50 day moving average of $110.31 and a 200 day moving average of $72.37. Nebius Group has a 52 week low of $18.31 and a 52 week high of $141.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70.

Hedge Funds Weigh In On Nebius Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. lifted its holdings in Nebius Group by 186.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock valued at $1,652,000 after acquiring an additional 19,424 shares during the period. Scientech Research LLC purchased a new position in shares of Nebius Group in the first quarter worth approximately $869,000. MGO One Seven LLC bought a new stake in Nebius Group during the second quarter valued at approximately $255,000. Hardy Reed LLC purchased a new stake in Nebius Group during the second quarter valued at approximately $365,000. Finally, Jump Financial LLC bought a new position in Nebius Group in the first quarter worth approximately $10,362,000. 21.90% of the stock is currently owned by 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.