Cetera Investment Advisers Invests $1.27 Million in Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• Cetera Investment Advisers has invested approximately $1.27 million in Nebius Group N.V. by acquiring 60,048 shares in the 1st quarter, as detailed in their latest 13F filing.
• Nebius Group's reported revenue for the recent quarter was $55.30 million, increasing by 385% year-over-year, although the company posted a loss of ($0.48) earnings per share.
• Recent analyst activity has upgraded Nebius Group, with BWS Financial raising the target price from $80.00 to $90.00 and a consensus rating of "Buy" from multiple analysts.

Cetera Investment Advisers acquired a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 60,048 shares of the company's stock, valued at approximately $1,268,000.

Several other institutional investors have also recently bought and sold shares of the stock. Centaurus Financial Inc. bought a new stake in shares of Nebius Group during the 4th quarter valued at $9,505,000. GAMMA Investing LLC acquired a new position in shares of Nebius Group during the 1st quarter worth about $80,000. Whipplewood Advisors LLC acquired a new position in shares of Nebius Group during the 1st quarter worth about $36,000. Intellectus Partners LLC acquired a new position in shares of Nebius Group during the 1st quarter worth about $570,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Nebius Group during the 1st quarter worth about $453,000. Institutional investors own 21.90% of the company's stock.

Nebius Group Price Performance

NBIS stock opened at $68.78 on Monday. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of -120.67 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 N.V. has a 12-month low of $14.09 and a 12-month high of $71.49. The company's fifty day simple moving average is $50.52 and its 200 day simple moving average is $37.29.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted 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 for the quarter. During the same period in the prior year, the company earned ($0.25) earnings per share. The company's revenue was up 385 on a year-over-year basis. On average, analysts expect that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Analysts Set New Price Targets

NBIS has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Saturday. BWS Financial raised their target price on shares of Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Friday. Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group started coverage on shares of Nebius Group in a research note on Monday, July 14th. They issued a "buy" rating and a $68.00 price objective on the stock. Finally, Arete assumed coverage on shares of Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Nebius Group currently has a consensus rating of "Buy" and an average price target 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.

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