Confluence Investment Management LLC purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,230 shares of the company's stock, valued at approximately $289,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc bought a new position in Nebius Group during the first quarter worth about $25,000. Banque Cantonale Vaudoise bought a new stake in shares of Nebius Group during the first quarter worth approximately $33,000. First Horizon Advisors Inc. bought a new stake in shares of Nebius Group during the first quarter worth approximately $33,000. Manchester Capital Management LLC bought a new stake in shares of Nebius Group during the first quarter worth approximately $34,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Nebius Group during the first quarter worth approximately $36,000. Institutional investors own 21.90% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on NBIS shares. BWS Financial boosted their price objective on Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. Arete started coverage on Nebius Group in a report on Thursday, June 5th. They set a "buy" rating and a $84.00 price objective for the company. Seaport Res Ptn upgraded Nebius Group to a "hold" rating in a report on Monday. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research report on Sunday. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $120.00 price target on shares of Nebius Group in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $91.20.
Get Our Latest Stock Report on NBIS
Nebius Group Price Performance
Shares of NASDAQ:NBIS traded up $3.03 during trading on Thursday, hitting $97.11. 12,531,797 shares of the company were exchanged, compared to its average volume of 13,581,170. The business's 50 day moving average is $65.22 and its 200-day moving average is $44.49. The company has a market capitalization of $22.89 billion, a P/E ratio of -170.26 and a beta of 3.55. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $100.51.
Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.03. The company had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. Equities analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current year.
About Nebius Group
(
Free Report)
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.
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