Bulltick Wealth Management LLC Buys New Shares in Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• Bulltick Wealth Management LLC has invested $1.34 million in Nebius Group N.V. by acquiring 63,500 shares during the first quarter.
• Nebius Group reported a revenue of $55.30 million for the quarter, showing a significant increase of 385% compared to the same quarter last year.
• Wall Street analysts have a consensus rating of "Buy" for Nebius Group, with price targets ranging from $47.00 to $90.00, indicating strong growth expectations.

Bulltick Wealth Management LLC acquired a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 63,500 shares of the company's stock, valued at approximately $1,340,000.

Several other hedge funds also recently made changes to their positions in NBIS. PFG Investments LLC purchased a new position in shares of Nebius Group during the first quarter worth about $860,000. SeaCrest Wealth Management LLC acquired a new stake in Nebius Group in the first quarter valued at about $453,000. DekaBank Deutsche Girozentrale acquired a new stake in Nebius Group in the first quarter valued at about $8,519,000. Colonial River Investments LLC acquired a new stake in Nebius Group in the first quarter valued at about $330,000. Finally, Vontobel Holding Ltd. acquired a new stake in Nebius Group in the first quarter valued at about $937,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Stock Performance

Shares of NASDAQ:NBIS traded down $4.70 during trading on Wednesday, reaching $70.63. 18,656,682 shares of the company's stock traded hands, compared to its average volume of 13,477,486. 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 12 month low of $14.09 and a 12 month high of $75.96. The company has a 50 day moving average of $52.59 and a 200-day moving average of $37.98. The stock has a market capitalization of $16.65 billion, a P/E ratio of 84.64 and a beta of 3.36.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The business had revenue of $55.30 million for the quarter. During the same period in the previous year, the business posted ($0.25) earnings per share. The company's revenue was up 385 compared to the same quarter last year. On average, equities analysts expect that Nebius Group N.V. will post -1.1 EPS for the current year.

Wall Street Analyst Weigh In

NBIS has been the subject of a number of recent analyst reports. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. DA Davidson lifted their price target on shares of Nebius Group from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Arete began coverage on shares of Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price target for the company. The Goldman Sachs Group began coverage on shares of Nebius Group in a research report on Monday, July 14th. They set a "buy" rating and a $68.00 price target for the company. Finally, Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $70.80.

Nebius Group 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.