Aberdeen Group plc Makes New $1.12 Million Investment in Nebius Group N.V. $NBIS

Key Points

• Aberdeen Group plc acquired 53,088 shares of Nebius Group N.V. for approximately $1.12 million, marking a significant investment in the company.
• Nebius Group reported a revenue of $55.30 million for the last quarter, a 385% increase compared to the same quarter last year, although it posted a loss of ($0.48) EPS.
• Analysts have given Nebius Group an average rating of "Buy," with a consensus target price of $70.80, reflecting positive sentiment towards the company's future performance.

Aberdeen Group plc purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 53,088 shares of the company's stock, valued at approximately $1,121,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. KLCM Advisors Inc. bought a new stake in shares of Nebius Group during the 1st quarter worth about $528,000. Ground Swell Capital LLC acquired a new position in shares of Nebius Group in the 1st quarter worth approximately $219,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Nebius Group in the 1st quarter worth approximately $1,792,000. Persistent Asset Partners Ltd acquired a new position in shares of Nebius Group in the 1st quarter worth approximately $211,000. Finally, Finer Wealth Management Inc. acquired a new position in shares of Nebius Group in the 1st quarter worth approximately $211,000. 21.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NBIS shares. The Goldman Sachs Group started coverage on shares of Nebius Group in a research note on Monday, July 14th. They issued a "buy" rating and a $68.00 price objective on the stock. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. DA Davidson lifted their price objective on shares of Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Arete assumed coverage on shares of Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $70.80.

Nebius Group Stock Up 4.2%

NBIS traded up $2.80 on Friday, reaching $68.98. 10,982,560 shares of the company traded hands, compared to its average volume of 13,963,645. The stock's 50 day moving average price is $55.29 and its 200-day moving average price is $39.81. Nebius Group N.V. has a 52-week low of $14.09 and a 52-week high of $75.96. The company has a market cap of $16.26 billion, a price-to-earnings ratio of -121.02 and a beta of 3.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The company had revenue of $55.30 million for the quarter. During the same quarter in the prior year, the firm earned ($0.25) EPS. Nebius Group's revenue was up 385 on a year-over-year basis. On average, sell-side analysts expect that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

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.