CenterBook Partners LP Makes New Investment in Nebius Group N.V. (NASDAQ:NBIS)

CenterBook Partners LP bought a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,338 shares of the company's stock, valued at approximately $303,000.

Several other hedge funds have also recently made changes to their positions in the business. PFG Investments LLC purchased a new position in Nebius Group during the 1st quarter valued at $860,000. SeaCrest Wealth Management LLC bought a new position in shares of Nebius Group in the 1st quarter worth approximately $453,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Nebius Group in the 1st quarter valued at approximately $8,519,000. Colonial River Investments LLC bought a new stake in shares of Nebius Group during the first quarter valued at approximately $330,000. Finally, Vontobel Holding Ltd. purchased a new stake in Nebius Group in the first quarter worth $937,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NBIS shares. Arete Research raised Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. DA Davidson increased their price target on shares of Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday. Arete assumed 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. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the stock an "outperform" rating in a report on Wednesday, May 21st. Finally, The Goldman Sachs Group initiated coverage on shares of Nebius Group in a report on Monday, July 14th. They set a "buy" rating and a $68.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $68.80.

Nebius Group Stock Performance

Shares of Nebius Group stock opened at $65.31 on Friday. The company has a 50-day simple moving average of $49.88 and a two-hundred day simple moving average of $37.10. The stock has a market capitalization of $15.40 billion, a PE ratio of -114.58 and a beta of 3.36. Nebius Group N.V. has a 52-week low of $14.09 and a 52-week high of $70.54.

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

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.

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