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

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

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

Nebius Group Trading Down 1.9 %

Shares of NBIS traded down $0.40 during mid-day trading on Monday, reaching $21.11. The company’s stock had a trading volume of 4,481,056 shares, compared to its average volume of 10,795,764. Nebius Group has a 52 week low of $14.09 and a 52 week high of $50.87. The stock has a market cap of $4.97 billion, a PE ratio of -37.04 and a beta of 2.54. The company’s fifty day moving average price is $30.22 and its two-hundred day moving average price is $27.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Centaurus Financial Inc. purchased a new stake in shares of Nebius Group in the 4th quarter worth about $9,505,000. TB Alternative Assets Ltd. bought a new stake in Nebius Group during the first quarter worth about $2,957,000. Intellectus Partners LLC purchased a new stake in Nebius Group in the first quarter worth about $570,000. SeaCrest Wealth Management LLC bought a new position in shares of Nebius Group during the first quarter valued at approximately $453,000. Finally, GAMMA Investing LLC purchased a new position in shares of Nebius Group during the first quarter valued at approximately $80,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

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.