Axxcess Wealth Management LLC Grows Position in Nebius Group N.V. $NBIS

Key Points

• Axxcess Wealth Management LLC increased its stake in Nebius Group N.V. by 33.2% in Q2, owning a total of 20,842 shares valued at approximately $1.15 million.
• Analysts have a positive outlook on Nebius Group, with a consensus rating of "Buy" and a price target averaging $91.20.
• Nebius Group reported better-than-expected earnings with a revenue of $105.10 million for the most recent quarter, surpassing analyst estimates of $95.60 million.

Axxcess Wealth Management LLC increased its position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 33.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,842 shares of the company's stock after purchasing an additional 5,196 shares during the period. Axxcess Wealth Management LLC's holdings in Nebius Group were worth $1,153,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in Nebius Group in the 1st quarter valued at about $80,000. Farther Finance Advisors LLC purchased a new stake in Nebius Group in the 1st quarter valued at about $152,000. Fifth Third Bancorp purchased a new stake in Nebius Group in the 1st quarter valued at about $130,000. PFG Investments LLC purchased a new stake in Nebius Group in the 1st quarter valued at about $860,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Nebius Group in the 1st quarter valued at about $208,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on NBIS. BWS Financial boosted their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. DA Davidson reissued a "buy" rating and issued a $75.00 price objective on shares of Nebius Group in a research report on Tuesday, September 9th. Wall Street Zen raised shares of Nebius Group from a "sell" rating to a "hold" rating in a research report on Tuesday, September 30th. The Goldman Sachs Group reissued a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nebius Group in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Nebius Group currently has a consensus rating of "Buy" and a consensus price target of $91.20.

Nebius Group Trading Down 2.2%

NASDAQ NBIS opened at $123.04 on Friday. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The firm has a market cap of $29.01 billion, a PE ratio of -215.86 and a beta of 3.45. The company has a 50 day moving average price of $92.47 and a 200 day moving average price of $57.63. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $141.10.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted 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. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The firm had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. As a group, sell-side analysts forecast 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.

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