Axxcess Wealth Management LLC acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,646 shares of the company's stock, valued at approximately $330,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new stake in shares of Nebius Group during the 1st quarter worth approximately $33,000. Whipplewood Advisors LLC acquired a new stake in shares of Nebius Group during the 1st quarter worth approximately $36,000. Ulland Investment Advisors LLC acquired a new stake in shares of Nebius Group during the 1st quarter worth approximately $53,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Nebius Group during the 1st quarter worth approximately $57,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Nebius Group during the 1st quarter worth approximately $80,000. 21.90% of the stock is owned by institutional investors.
Nebius Group Stock Down 4.6%
NBIS opened at $44.30 on Monday. The stock has a fifty day moving average of $42.76 and a 200-day moving average of $34.36. The firm has a market capitalization of $10.44 billion, a P/E ratio of -77.72 and a beta of 3.25. 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 announced its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The company had revenue of $55.30 million during the quarter. During the same quarter last year, the business earned ($0.25) earnings per share. The company's quarterly revenue was up 385 compared to the same quarter last year. On average, analysts expect that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on NBIS. DA Davidson increased their price objective on Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Arete Research raised Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Arete began coverage on Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective for the company. Northland Capmk raised Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Northland Securities set a $47.00 price objective on Nebius Group and gave the stock an "outperform" rating in a report on Wednesday, May 21st. One investment 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 company. According to data from MarketBeat, Nebius Group currently has a consensus rating of "Buy" and a consensus target price of $66.50.
Read Our Latest Stock Analysis on NBIS
About Nebius Group
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding NBIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nebius Group N.V. (NASDAQ:NBIS - Free Report).
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