Concurrent Investment Advisors LLC Sells 9,598 Shares of Nebius Group N.V. $NBIS

Key Points

• Concurrent Investment Advisors LLC reduced its stake in Nebius Group N.V. by 56.1%, selling 9,598 shares to end with 7,517 shares worth approximately $416,000.
• Shares of Nebius Group opened at $113.44, with a market cap of $26.74 billion and a substantial debt-to-equity ratio of 0.31.
• Despite a reported loss of ($0.38) EPS, Nebius Group exceeded revenue expectations, generating $105.10 million during the last quarter.

Concurrent Investment Advisors LLC lessened its stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 56.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,517 shares of the company's stock after selling 9,598 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Nebius Group were worth $416,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NBIS. Signaturefd LLC grew its holdings in Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company's stock valued at $25,000 after buying an additional 250 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Nebius Group by 4.9% during the second quarter. Farther Finance Advisors LLC now owns 7,005 shares of the company's stock worth $388,000 after buying an additional 326 shares during the period. SJS Investment Consulting Inc. bought a new position in Nebius Group during the second quarter valued at $31,000. ORG Partners LLC lifted its holdings in shares of Nebius Group by 369.1% in the 2nd quarter. ORG Partners LLC now owns 760 shares of the company's stock worth $39,000 after acquiring an additional 598 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in Nebius Group in the 2nd quarter worth about $40,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Stock Performance

Shares of NASDAQ NBIS opened at $113.44 on Friday. The company has a 50 day simple moving average of $93.37 and a two-hundred day simple moving average of $58.49. The stock has a market cap of $26.74 billion, a price-to-earnings ratio of -199.02 and a beta of 3.45. The company has a current ratio of 14.70, a quick 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 $141.10.

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

Analyst Ratings Changes

Several analysts have recently weighed in on NBIS shares. BWS Financial lifted their target price on Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. The Goldman Sachs Group restated a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. Seaport Res Ptn upgraded Nebius Group to a "hold" rating in a report on Monday, September 15th. Wall Street Zen raised Nebius Group from a "sell" rating to a "hold" rating in a research report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed 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 given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock 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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