Baader Bank Aktiengesellschaft Invests $1.69 Million in Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• Baader Bank Aktiengesellschaft has acquired a new stake of approximately $1.69 million in Nebius Group N.V., purchasing 79,910 shares during the first quarter.
• Several institutional investors also invested in Nebius Group, with new stakes totaling over $11 million acquired by firms including Thornburg Investment Management and LPL Financial.
• Analyst ratings for Nebius Group vary, with targets ranging from $47.00 to $80.00, and an average price target of $66.80, indicating a generally positive outlook despite a recent downgrade from one analyst.

Baader Bank Aktiengesellschaft bought a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 79,910 shares of the company's stock, valued at approximately $1,687,000.

Several other hedge funds also recently bought and sold shares of NBIS. IFP Advisors Inc bought a new stake in shares of Nebius Group in the first quarter valued at about $25,000. Banque Cantonale Vaudoise bought a new position in shares of Nebius Group in the 1st quarter valued at about $33,000. First Horizon Advisors Inc. bought a new stake in Nebius Group in the first quarter valued at approximately $33,000. Whipplewood Advisors LLC bought a new position in Nebius Group during the first quarter worth $36,000. Finally, Larson Financial Group LLC acquired a new position in shares of Nebius Group in the first quarter valued at approximately $41,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on NBIS. Arete assumed coverage on shares of Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 target price on the stock. Wall Street Zen downgraded Nebius Group from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. DA Davidson increased their price target on Nebius Group from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, June 16th. BWS Financial upped their price target on shares of Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Northland Securities set a $47.00 target price on shares of Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $66.80.

Nebius Group Stock Performance

NBIS traded up $0.89 during mid-day trading on Wednesday, reaching $51.29. 7,631,635 shares of the stock were exchanged, compared to its average volume of 10,156,438. Nebius Group N.V. has a 1 year low of $14.09 and a 1 year high of $58.16. The company has a 50 day moving average price of $47.56 and a two-hundred day moving average price of $36.19. The stock has a market capitalization of $12.09 billion, a PE ratio of -89.98 and a beta of 3.25.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted 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 during the quarter. The company's revenue for the quarter was up 385 compared to the same quarter last year. During the same period in the prior year, the business earned ($0.25) EPS. 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.