CenterBook Partners LP bought a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,338 shares of the company's stock, valued at approximately $303,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. PFG Investments LLC bought a new position in Nebius Group in the 1st quarter worth approximately $860,000. SeaCrest Wealth Management LLC bought a new position in Nebius Group in the 1st quarter worth approximately $453,000. DekaBank Deutsche Girozentrale bought a new position in Nebius Group in the 1st quarter worth approximately $8,519,000. Colonial River Investments LLC bought a new position in Nebius Group in the 1st quarter worth approximately $330,000. Finally, Vontobel Holding Ltd. bought a new position in Nebius Group in the 1st quarter worth approximately $937,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.
Nebius Group Price Performance
NASDAQ:NBIS traded up $2.61 during trading hours on Monday, reaching $71.39. The company had a trading volume of 12,752,156 shares, compared to its average volume of 12,877,959. The stock has a 50-day moving average of $50.52 and a two-hundred day moving average of $37.29. Nebius Group N.V. has a one year low of $14.09 and a one year high of $75.96. The firm has a market capitalization of $16.83 billion, a PE ratio of -125.35 and a beta of 3.36. The company has a quick ratio of 14.70, a current 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, May 20th. The company reported ($0.48) earnings per share for the quarter. The business had revenue of $55.30 million during the quarter. During the same period in the previous year, the business earned ($0.25) EPS. The firm's revenue for the quarter was up 385 on a year-over-year basis. Analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. BWS Financial boosted their price objective on Nebius Group from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Friday. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Arete assumed coverage on Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price objective on the stock. Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, The Goldman Sachs Group assumed coverage on Nebius Group in a research report on Monday, July 14th. They set a "buy" rating and a $68.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Nebius Group has a consensus rating of "Buy" and an average target price of $70.80.
Read Our Latest Analysis on Nebius Group
Nebius Group Profile
(
Free Report)
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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