19,667 Shares in Nebius Group N.V. $NBIS Acquired by Bank of Hawaii

Key Points

• Bank of Hawaii has acquired 19,667 shares of Nebius Group N.V. (NASDAQ: NBIS), valued at approximately $415,000, indicating growing institutional interest in the company.
• Nebius Group reported a quarterly earnings miss with earnings per share at ($0.44), below the consensus estimate of ($0.41), alongside revenue significantly lower than expectations at $47.60 million.
• Several research analysts have upgraded their ratings on Nebius Group, with a consensus rating of "Buy" and a price target of $70.80, reflecting positive sentiment in the market.

Bank of Hawaii bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,667 shares of the company's stock, valued at approximately $415,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc bought a new stake in Nebius Group during the first quarter worth approximately $25,000. Banque Cantonale Vaudoise bought a new stake in Nebius Group during the first quarter worth approximately $33,000. First Horizon Advisors Inc. bought a new stake in Nebius Group during the first quarter worth approximately $33,000. Manchester Capital Management LLC bought a new stake in Nebius Group during the first quarter worth approximately $34,000. Finally, Whipplewood Advisors LLC bought a new stake in Nebius Group during the first quarter worth approximately $36,000. Institutional investors own 21.90% of the company's stock.

Nebius Group Trading Up 1.5%

NASDAQ NBIS opened at $70.02 on Tuesday. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $75.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The stock has a market cap of $16.51 billion, a price-to-earnings ratio of -122.84 and a beta of 3.36. The firm's 50 day moving average price is $55.68 and its two-hundred day moving average price is $40.11.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 26th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The business had revenue of $47.60 million for the quarter, compared to analysts' expectations of $95.60 million. Equities analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on NBIS shares. Northland Capmk raised Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. The Goldman Sachs Group initiated coverage on shares of Nebius Group in a research report on Monday, July 14th. They issued a "buy" rating and a $68.00 price target on the stock. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Northland Securities set a $47.00 price target on shares of Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $70.80.

Nebius Group 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.