Principal Securities Inc. Makes New $115,000 Investment in Nebius Group N.V. (NASDAQ:NBIS)

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

Several other hedge funds and other institutional investors also recently modified their holdings of NBIS. PFG Investments LLC bought a new position in Nebius Group in the first quarter worth $860,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Nebius Group in the first quarter worth $453,000. Colonial River Investments LLC purchased a new stake in shares of Nebius Group in the first quarter worth $330,000. Vontobel Holding Ltd. purchased a new stake in shares of Nebius Group in the first quarter worth $937,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Nebius Group during the first quarter valued at $220,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on NBIS shares. Arete Research raised Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Northland Capmk raised Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. DA Davidson raised their price objective on Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Wall Street Zen raised Nebius Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. 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 issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Nebius Group has an average rating of "Buy" and an average target price of $66.50.

Nebius Group Trading Down 4.6%

Shares of NASDAQ NBIS traded down $2.13 during trading hours on Friday, hitting $44.30. 9,165,599 shares of the company traded hands, compared to its average volume of 11,217,201. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of -77.72 and a beta of 3.25. The company's 50 day moving average price is $42.76 and its 200 day moving average price is $34.27. Nebius Group N.V. has a 12 month low of $14.09 and a 12 month high of $55.75.

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

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.