Principal Securities Inc. Buys Shares of 5,450 Nebius Group N.V. (NASDAQ:NBIS)

Principal Securities Inc. purchased a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,450 shares of the company's stock, valued at approximately $115,000.

Several other institutional investors have also bought and sold shares of NBIS. Centaurus Financial Inc. acquired a new position in Nebius Group in the fourth quarter worth $9,505,000. GAMMA Investing LLC acquired a new position in Nebius Group in the first quarter worth $80,000. Whipplewood Advisors LLC acquired a new position in Nebius Group in the first quarter worth $36,000. Intellectus Partners LLC acquired a new position in Nebius Group in the first quarter worth $570,000. Finally, SeaCrest Wealth Management LLC acquired a new position in Nebius Group in the first quarter worth $453,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NBIS shares. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. DA Davidson boosted their target price on Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Northland Capmk raised Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Arete assumed coverage on Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price on the stock. Finally, Northland Securities set a $47.00 target price on Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nebius Group has a consensus rating of "Buy" and an average price target of $66.50.

Nebius Group Trading Down 4.6%

Shares of NASDAQ NBIS traded down $2.13 during mid-day trading on Friday, reaching $44.30. 9,165,599 shares of the company's stock were exchanged, compared to its average volume of 11,217,201. The firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of -77.72 and a beta of 3.25. The business has a fifty day simple moving average of $42.76 and a 200 day simple moving average of $34.36. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $55.75.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The firm had revenue of $55.30 million during the quarter. The business's revenue was up 385 on a year-over-year basis. During the same quarter last year, the company earned ($0.25) EPS. Equities research analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

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.