Concurrent Investment Advisors LLC acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,115 shares of the company's stock, valued at approximately $361,000.
Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new stake in Nebius Group in the first quarter valued at approximately $33,000. Whipplewood Advisors LLC acquired a new stake in Nebius Group during the 1st quarter valued at approximately $36,000. Ulland Investment Advisors LLC acquired a new stake in Nebius Group during the 1st quarter valued at approximately $53,000. Creative Financial Designs Inc. ADV acquired a new stake in Nebius Group during the 1st quarter valued at approximately $57,000. Finally, GAMMA Investing LLC acquired a new stake in Nebius Group during the 1st quarter valued at approximately $80,000. Institutional investors and hedge funds own 21.90% of the company's stock.
Nebius Group Stock Up 0.8%
Shares of NASDAQ NBIS opened at $46.43 on Friday. The stock has a market capitalization of $10.95 billion, a price-to-earnings ratio of -81.46 and a beta of 3.25. The stock's fifty day simple moving average is $42.38 and its 200 day simple moving average is $34.16. Nebius Group N.V. has a 52-week low of $14.09 and a 52-week high of $55.75.
Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The company had revenue of $55.30 million during the quarter. The firm's revenue was up 385 on a year-over-year basis. During the same period in the previous year, the business posted ($0.25) EPS. As a group, analysts anticipate that Nebius Group N.V. will post -1.1 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Northland Securities set a $47.00 price objective on Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. DA Davidson raised their price objective on Nebius Group from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Finally, BWS Financial lifted their target price on Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $66.50.
Check Out Our Latest Stock Analysis on NBIS
Nebius Group Company 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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