Bank Julius Baer & Co. Ltd Zurich Buys New Position in Nebius Group N.V. (NASDAQ:NBIS)

Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 82,782 shares of the company's stock, valued at approximately $1,748,000.

A number of other large investors have also made changes to their positions in NBIS. WCM Investment Management LLC acquired a new stake in shares of Nebius Group during the first quarter valued at $11,998,000. DekaBank Deutsche Girozentrale acquired a new stake in Nebius Group in the 1st quarter worth about $8,519,000. Centaurus Financial Inc. acquired a new stake in Nebius Group in the 4th quarter worth about $9,505,000. SG Americas Securities LLC acquired a new stake in Nebius Group in the 1st quarter worth about $3,415,000. Finally, TB Alternative Assets Ltd. acquired a new stake in Nebius Group in the 1st quarter worth about $2,957,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NBIS shares. The Goldman Sachs Group started coverage on Nebius Group in a research note on Monday, July 14th. They issued a "buy" rating and a $68.00 price target on the stock. Arete Research raised Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. DA Davidson raised their price target on Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. 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. Finally, BWS Financial raised their price objective on Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $66.80.

Nebius Group Trading Down 1.5%

Shares of Nebius Group stock traded down $0.79 during trading hours on Friday, reaching $51.37. The stock had a trading volume of 6,196,349 shares, compared to its average volume of 10,738,512. The firm has a 50 day simple moving average of $47.03 and a two-hundred day simple moving average of $35.92. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of -90.12 and a beta of 3.25. Nebius Group N.V. has a 1 year low of $14.09 and a 1 year high of $58.16.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its earnings results 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 on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.25) EPS. Sell-side analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current 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.