Bank of New York Mellon Corp Acquires Shares of 21,881 Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• Bank of New York Mellon Corp has invested approximately $462,000 in Nebius Group N.V. by acquiring 21,881 shares during the first quarter.
• Nebius Group reported $55.30 million in revenue for the recent quarter, an increase of 385% year-over-year, despite posting a loss of ($0.48) EPS.
• Several research analysts have rated Nebius Group with a consensus rating of "Buy" and a target price of $66.80, with some upgrades to "strong-buy" status.

Bank of New York Mellon Corp purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,881 shares of the company's stock, valued at approximately $462,000.

Several other hedge funds also recently made changes to their positions in NBIS. Centaurus Financial Inc. purchased a new position in Nebius Group during the fourth quarter valued at $9,505,000. GAMMA Investing LLC purchased a new position in shares of Nebius Group in the first quarter worth $80,000. Whipplewood Advisors LLC purchased a new position in shares of Nebius Group in the first quarter worth $36,000. Intellectus Partners LLC purchased a new position in shares of Nebius Group in the first quarter worth $570,000. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of Nebius Group in the first quarter worth $453,000. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Stock Up 24.9%

Shares of Nebius Group stock traded up $13.69 during trading on Thursday, reaching $68.78. The company's stock had a trading volume of 18,012,332 shares, compared to its average volume of 12,669,867. The company has a market cap of $16.22 billion, a price-to-earnings ratio of -117.73 and a beta of 3.36. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $70.54. The company has a 50-day simple moving average of $49.34 and a two-hundred day simple moving average of $36.90.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The business had revenue of $55.30 million during the quarter. During the same quarter in the previous year, the company posted ($0.25) earnings per share. The company's revenue was up 385 on a year-over-year basis. As a group, analysts anticipate that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on NBIS shares. DA Davidson lifted their price objective on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday. Northland Securities set a $47.00 price target on Nebius Group and gave the company an "outperform" rating in a report on Wednesday, May 21st. The Goldman Sachs Group initiated coverage on Nebius Group in a report on Monday, July 14th. They set a "buy" rating and a $68.00 price target for the company. Northland Capmk raised Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen downgraded Nebius Group from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $68.80.

Nebius Group Company Profile

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.