BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Takes $5.97 Million Position in Nebius Group N.V. $NBIS

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp has acquired a new stake in Nebius Group N.V. worth approximately $5.97 million, representing about 0.12% of the company's shares.
• Multiple research firms have issued positive ratings on Nebius Group, with price targets ranging from $47.00 to $90.00, reflecting strong analyst confidence in the stock.
• Nebius Group reported a quarterly earnings loss of ($0.44) EPS, falling short of estimates, as the company's revenue came in at $47.60 million, significantly below expectations of $95.60 million.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 282,658 shares of the company's stock, valued at approximately $5,967,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.12% of Nebius Group as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc acquired a new stake in shares of Nebius Group in the 1st quarter valued at about $25,000. First Horizon Advisors Inc. acquired a new stake in shares of Nebius Group in the 1st quarter valued at about $33,000. Banque Cantonale Vaudoise acquired a new stake in shares of Nebius Group in the 1st quarter valued at about $33,000. Manchester Capital Management LLC acquired a new stake in Nebius Group during the first quarter worth about $34,000. Finally, Whipplewood Advisors LLC acquired a new stake in Nebius Group during the first quarter worth about $36,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NBIS. The Goldman Sachs Group began coverage on shares of Nebius Group in a research note on Monday, July 14th. They set a "buy" rating and a $68.00 price objective on the stock. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Arete began coverage on shares of Nebius Group in a research note on Thursday, June 5th. They set a "buy" rating and a $84.00 price objective on the stock. BWS Financial increased their price objective on shares of Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $70.80.

Nebius Group Price Performance

Shares of NASDAQ:NBIS opened at $70.02 on Tuesday. The firm's 50 day moving average is $55.68 and its two-hundred day moving average is $40.11. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $75.96. The firm has a market capitalization of $16.51 billion, a P/E ratio of -122.84 and a beta of 3.36. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The business had revenue of $47.60 million for the quarter, compared to the consensus estimate of $95.60 million. Analysts anticipate that Nebius Group N.V. will post -1.1 earnings per share for the current year.

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.

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