Balboa Wealth Partners Takes $334,000 Position in Nebius Group N.V. $NBIS

Key Points

• Balboa Wealth Partners has acquired a new stake in Nebius Group N.V., purchasing 6,035 shares valued at approximately $334,000 during the second quarter.
• Several other institutional investors made significant investments in Nebius Group during the same period, including a stake of about $1,137,000 by Private Trust Co. NA.
• Nebius Group reported earnings of ($0.38) per share for the last quarter, surpassing expectations, with revenues of $105.10 million against an anticipated $95.60 million.

Balboa 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 disclosure with the SEC. The firm purchased 6,035 shares of the company's stock, valued at approximately $334,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Goldstein Advisors LLC purchased a new stake in shares of Nebius Group during the 2nd quarter valued at about $400,000. International Assets Investment Management LLC purchased a new stake in shares of Nebius Group during the 2nd quarter valued at about $447,000. Albert D Mason Inc. purchased a new stake in shares of Nebius Group during the 2nd quarter valued at about $470,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Nebius Group during the 2nd quarter valued at about $212,000. Finally, Private Trust Co. NA purchased a new stake in shares of Nebius Group during the 2nd quarter valued at about $1,137,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Price Performance

Shares of NASDAQ:NBIS opened at $109.00 on Tuesday. 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 N.V. has a 1-year low of $14.09 and a 1-year high of $141.10. The company has a market capitalization of $25.70 billion, a P/E ratio of -191.23 and a beta of 3.45. The firm's 50 day simple moving average is $94.14 and its two-hundred day simple moving average is $59.37.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, beating 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 business had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. Research analysts expect that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

NBIS has been the topic of a number of research reports. Wall Street Zen raised shares of Nebius Group from a "sell" rating to a "hold" rating in a report on Tuesday, September 30th. Seaport Res Ptn raised shares of Nebius Group to a "hold" rating in a report on Monday, September 15th. DA Davidson reissued a "buy" rating and issued a $75.00 price objective on shares of Nebius Group in a report on Tuesday, September 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Nebius Group in a report on Tuesday, October 14th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $91.20.

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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