Freedom Capital Upgrades Nebius Group (NASDAQ:NBIS) to “Strong-Buy”

Nebius Group (NASDAQ:NBIS) was upgraded by research analysts at Freedom Capital to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

NBIS has been the topic of a number of other research reports. Weiss Ratings downgraded Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. Wall Street Zen lowered shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Morgan Stanley began coverage on shares of Nebius Group in a research note on Thursday, January 15th. They issued an “equal weight” rating and a $126.00 price objective for the company. DA Davidson reiterated a “buy” rating and issued a $150.00 price objective on shares of Nebius Group in a report on Wednesday, November 12th. Finally, Citizens Jmp initiated coverage on shares of Nebius Group in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Nebius Group has a consensus rating of “Moderate Buy” and a consensus target price of $142.38.

Nebius Group Price Performance

NBIS opened at $82.39 on Tuesday. The company has a market capitalization of $20.75 billion, a PE ratio of -107.00 and a beta of 3.90. Nebius Group has a fifty-two week low of $18.31 and a fifty-two week high of $141.10. The business has a 50-day moving average of $93.71 and a 200-day moving average of $91.59.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Hartford Investment Management Co. bought a new stake in Nebius Group during the fourth quarter valued at about $214,000. Colonial River Investments LLC lifted its position in shares of Nebius Group by 41.6% during the 4th quarter. Colonial River Investments LLC now owns 27,016 shares of the company’s stock worth $2,261,000 after purchasing an additional 7,938 shares during the last quarter. Strengthening Families & Communities LLC bought a new stake in Nebius Group during the 4th quarter valued at approximately $191,000. Maxi Investments CY Ltd acquired a new stake in Nebius Group in the 4th quarter valued at approximately $1,473,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Nebius Group by 11.5% during the fourth quarter. International Assets Investment Management LLC now owns 8,681 shares of the company’s stock worth $727,000 after buying an additional 895 shares during the last quarter. Institutional investors and hedge funds 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.