Cambridge Investment Research Advisors Inc. Takes $208,000 Position in Nebius Group N.V. (NASDAQ:NBIS)

Cambridge Investment Research Advisors Inc. bought a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,874 shares of the company's stock, valued at approximately $208,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new stake in shares of Nebius Group during the 1st quarter valued at $36,000. Ulland Investment Advisors LLC purchased a new stake in shares of Nebius Group during the 1st quarter valued at $53,000. GAMMA Investing LLC purchased a new stake in Nebius Group during the 1st quarter worth $80,000. Fifth Third Bancorp purchased a new stake in Nebius Group during the 1st quarter worth $130,000. Finally, Farther Finance Advisors LLC purchased a new stake in Nebius Group during the 1st quarter worth $152,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Trading Down 0.4%

NASDAQ:NBIS traded down $0.22 on Wednesday, reaching $53.31. The stock had a trading volume of 11,084,539 shares, compared to its average volume of 11,328,199. The company has a 50-day moving average of $44.41 and a 200 day moving average of $34.79. The stock has a market cap of $12.57 billion, a P/E ratio of -93.53 and a beta of 3.25. Nebius Group N.V. has a 12-month low of $14.09 and a 12-month high of $55.75.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on NBIS. DA Davidson upped their price target on shares of Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. BWS Financial upped their price target on shares of Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. 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. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Finally, Northland Securities set a $47.00 price target on shares of Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $66.80.

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.