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

Principal Securities Inc. acquired a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,450 shares of the company's stock, valued at approximately $115,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NBIS. Centaurus Financial Inc. acquired a new stake in Nebius Group during the fourth quarter valued at $9,505,000. GAMMA Investing LLC acquired a new stake in Nebius Group during the first quarter valued at $80,000. Whipplewood Advisors LLC acquired a new stake in Nebius Group during the first quarter valued at $36,000. Intellectus Partners LLC acquired a new stake in Nebius Group during the first quarter valued at $570,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in Nebius Group during the first quarter valued at $453,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Nebius Group Trading Down 2.9%

NBIS stock traded down $1.33 during trading on Friday, reaching $45.10. 5,490,175 shares of the stock were exchanged, compared to its average volume of 11,197,527. The business has a 50 day moving average price of $42.38 and a 200-day moving average price of $34.16. Nebius Group N.V. has a 1 year low of $14.09 and a 1 year high of $55.75. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of -79.10 and a beta of 3.25.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The business had revenue of $55.30 million for the quarter. During the same quarter in the prior year, the firm earned ($0.25) EPS. The firm's revenue was up 385 compared to the same quarter last year. On average, research analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current year.

Analysts Set New Price Targets

NBIS has been the topic of several analyst reports. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. DA Davidson increased their price objective on shares of Nebius Group from $50.00 to $55.00 and gave the company a "buy" rating in a report on Monday, June 16th. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the company an "outperform" rating in a report on Wednesday, May 21st. Arete initiated coverage on shares of Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target on the stock. Finally, BWS Financial raised their price target on shares of Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $66.50.

About Nebius Group

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.