Conifer Management L.L.C. Invests $14.78 Million in Nebius Group N.V. $NBIS

Key Points

• Conifer Management L.L.C. acquired 700,000 shares of Nebius Group N.V. for approximately $14.8 million, making it their 5th largest position, comprising about 2.2% of their portfolio.
• Wall Street analysts have upgraded Nebius Group with multiple Buy ratings and a consensus target price of $70.80, forecasting potential growth in the stock's performance.
• The company recently reported a loss of ($0.44) earnings per share, missing estimates and showing a significant revenue shortfall compared to expectations.

Conifer Management L.L.C. purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 700,000 shares of the company's stock, valued at approximately $14,777,000. Nebius Group makes up 2.2% of Conifer Management L.L.C.'s investment portfolio, making the stock its 5th largest position. Conifer Management L.L.C. owned approximately 0.30% of Nebius Group at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Orbis Allan Gray Ltd purchased a new stake in Nebius Group during the first quarter valued at about $331,474,000. Accel Leaders 4 Associates L.P. purchased a new stake in Nebius Group during the first quarter valued at about $96,704,000. Invesco Ltd. purchased a new stake in Nebius Group during the first quarter valued at about $73,782,000. Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in Nebius Group during the first quarter valued at about $46,822,000. Finally, Tree Line Advisors Hong Kong Ltd. purchased a new stake in Nebius Group during the first quarter valued at about $22,588,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Trading Up 0.9%

NASDAQ:NBIS traded up $0.56 during mid-day trading on Friday, reaching $65.47. 5,739,008 shares of the company's stock traded hands, compared to its average volume of 10,620,311. The company has a 50 day moving average price of $59.01 and a 200-day moving average price of $41.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of -114.86 and a beta of 3.55. Nebius Group N.V. has a 12-month low of $14.09 and a 12-month high of $75.96.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The business had revenue of $47.60 million during the quarter, compared to analyst estimates of $95.60 million. On average, sell-side analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on NBIS shares. BWS Financial lifted their price objective on Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Arete started coverage on Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective on the stock. The Goldman Sachs Group started coverage on Nebius Group in a report on Monday, July 14th. They issued a "buy" rating and a $68.00 price objective on the stock. Arete Research upgraded Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Finally, Wall Street Zen downgraded Nebius Group from a "hold" rating to a "sell" rating in a report on Saturday. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $70.80.

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.