6,558 Shares in Nebius Group N.V. $NBIS Bought by BSW Wealth Partners

Key Points

• BSW Wealth Partners acquired a new stake in Nebius Group N.V., purchasing 6,558 shares valued at approximately $363,000 during the second quarter.
• Recently, several analysts upgraded Nebius Group's stock ratings, with Goldman Sachs setting a price target of $120.00, indicating positive market sentiment around the company.
• Nebius Group reported better-than-expected earnings for the last quarter, with a revenue of $105.10 million, surpassing analysts' estimates of $95.60 million.

BSW Wealth Partners purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,558 shares of the company's stock, valued at approximately $363,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NBIS. IFP Advisors Inc purchased a new stake in Nebius Group in the first quarter worth approximately $25,000. Signaturefd LLC boosted its stake in shares of Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company's stock valued at $25,000 after purchasing an additional 250 shares in the last quarter. SJS Investment Consulting Inc. bought a new position in shares of Nebius Group during the 2nd quarter valued at $31,000. First Horizon Advisors Inc. purchased a new position in Nebius Group in the 1st quarter worth $33,000. Finally, Banque Cantonale Vaudoise bought a new stake in Nebius Group in the first quarter worth $33,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NBIS shares. Arete Research upgraded Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Seaport Res Ptn raised Nebius Group to a "hold" rating in a research note on Monday, September 15th. The Goldman Sachs Group reissued a "buy" rating and set a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. Arete assumed coverage on shares of Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $91.20.

Nebius Group Stock Up 8.9%

Shares of NASDAQ NBIS opened at $125.87 on Friday. The firm has a fifty day simple moving average of $77.97 and a two-hundred day simple moving average of $50.66. Nebius Group N.V. has a 12 month low of $14.09 and a 12 month high of $126.74. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $29.67 billion, a PE ratio of -220.82 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.03. The business had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. Equities analysts expect that Nebius Group N.V. will post -1.1 earnings per share for the current 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.

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