Armistice Capital LLC Acquires Shares of 568,092 Nebius Group N.V. $NBIS

Key Points

• Armistice Capital LLC purchased 568,092 shares of Nebius Group N.V. for approximately $11.99 million, representing 0.24% ownership in the company.
• Nebius Group's shares have recently experienced a 5.2% decrease, with the stock currently trading at $68.32 and a twelve-month range between $14.09 and $75.96.
• Despite missing earnings expectations, Nebius Group has received multiple buy ratings from research analysts, with a consensus price target of $70.80.

Armistice Capital LLC bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 568,092 shares of the company's stock, valued at approximately $11,992,000. Armistice Capital LLC owned approximately 0.24% of Nebius Group as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Mubadala Investment Co PJSC acquired a new stake in shares of Nebius Group during the 1st quarter worth $11,394,000. Orbis Allan Gray Ltd acquired a new stake in Nebius Group in the first quarter valued at about $331,474,000. Corsair Capital Management L.P. acquired a new stake in Nebius Group in the first quarter valued at about $707,000. Vident Advisory LLC acquired a new stake in Nebius Group in the first quarter valued at about $1,670,000. Finally, Magnetar Financial LLC acquired a new stake in Nebius Group in the first quarter valued at about $233,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Nebius Group Trading Down 0.1%

Shares of NBIS traded down $0.07 during mid-day trading on Wednesday, reaching $65.65. 6,487,988 shares of the company were exchanged, compared to its average volume of 12,705,758. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week 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 capitalization of $15.48 billion, a PE ratio of -115.18 and a beta of 3.55. The business has a 50 day simple moving average of $58.15 and a two-hundred day simple moving average of $41.27.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its earnings results on Tuesday, September 9th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The company had revenue of $47.60 million during the quarter, compared to analyst estimates of $95.60 million. On average, analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NBIS shares. DA Davidson raised their price objective on Nebius Group from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Arete Research raised Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Arete began coverage on Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective on the stock. Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a research report on Monday, August 25th. Finally, The Goldman Sachs Group began coverage on Nebius Group in a research report on Monday, July 14th. They issued a "buy" rating and a $68.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $70.80.

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.