Carnegie Investment Counsel Buys Shares of 41,554 Nebius Group N.V. $NBIS

Key Points

• Carnegie Investment Counsel acquired 41,554 shares of Nebius Group N.V. (NASDAQ:NBIS) in the second quarter, valued at approximately $2,299,000.
• Nebius Group recently reported earnings that exceeded expectations, showing a net margin of 99.34% and revenue of $105.10 million, against estimates of $95.60 million.
• Analysts have given Nebius Group a consensus rating of "Buy", with price targets including estimates as high as $130.00.

Carnegie Investment Counsel bought a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 41,554 shares of the company's stock, valued at approximately $2,299,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Scientech Research LLC purchased a new position in Nebius Group in the 1st quarter valued at about $869,000. MGO One Seven LLC purchased a new position in Nebius Group in the 2nd quarter valued at about $255,000. DekaBank Deutsche Girozentrale purchased a new position in Nebius Group in the 1st quarter valued at about $8,519,000. Colonial River Investments LLC purchased a new position in shares of Nebius Group during the 1st quarter worth about $330,000. Finally, Hardy Reed LLC purchased a new position in shares of Nebius Group during the 2nd quarter worth about $365,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Nebius Group Trading Up 10.5%

NASDAQ NBIS opened at $117.26 on Friday. Nebius Group N.V. has a one year low of $17.27 and a one year high of $141.10. The company's 50 day moving average price is $96.95 and its 200 day moving average price is $61.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The firm has a market capitalization of $27.64 billion, a price-to-earnings ratio of -205.72 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The firm had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. On average, sell-side analysts predict that Nebius Group N.V. will post -1.1 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group reiterated a "buy" rating and set a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a report on Monday, September 15th. BWS Financial increased their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a report on Tuesday, September 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Nebius Group in a report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Nebius Group presently has a consensus rating of "Buy" and an average price target of $91.20.

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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