Barings LLC Acquires New Position in Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• Barings LLC acquired a new position in **Nebius Group N.V.** by purchasing 90,661 shares valued at approximately **$1.9 million** in the first quarter.
• Several hedge funds have also invested in Nebius Group, contributing to institutional ownership of **21.90%** of the company’s stock.
• Analysts have set a consensus price target of **$66.80** for Nebius Group, with ratings ranging from "sell" to "strong buy" from different research firms.

Barings LLC bought a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 90,661 shares of the company's stock, valued at approximately $1,914,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC bought a new position in Nebius Group during the first quarter valued at approximately $11,998,000. DekaBank Deutsche Girozentrale bought a new stake in Nebius Group in the first quarter worth approximately $8,519,000. Centaurus Financial Inc. acquired a new position in shares of Nebius Group during the 4th quarter worth $9,505,000. Howland Capital Management LLC bought a new position in shares of Nebius Group during the 1st quarter valued at $4,856,000. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of Nebius Group in the 1st quarter valued at $4,042,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Arete Research raised Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. DA Davidson raised their price objective on Nebius Group from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Northland Capmk raised Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen downgraded Nebius Group from a "hold" rating to a "sell" rating in a report on Friday, July 18th. One equities research 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. According to data from MarketBeat.com, Nebius Group has an average rating of "Buy" and a consensus price target of $66.80.

Nebius Group Stock Performance

Nebius Group stock opened at $52.00 on Friday. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $58.16. The firm has a market capitalization of $12.26 billion, a PE ratio of -91.23 and a beta of 3.36. The business's 50-day simple moving average is $48.41 and its 200-day simple moving average is $36.53.

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 period in the prior year, the company posted ($0.25) EPS. The company's revenue for the quarter was up 385 on a year-over-year basis. Research analysts forecast that Nebius Group N.V. will post -1.1 earnings per share 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.

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