Corsair Capital Management L.P. Acquires New Holdings in Nebius Group N.V. $NBIS

Key Points

• Corsair Capital Management L.P. has acquired a new stake in Nebius Group N.V. by purchasing 33,509 shares valued at approximately $707,000 in the first quarter.
• Several analysts have upgraded the stock's rating, with Northland Capital Markets giving it a "strong-buy" and a target price of $47.00, while Arete set a target price of $84.00.
• Nebius Group reported a quarterly loss, missing earnings estimates, with a current consensus target price of $70.80 amidst a challenging financial outlook.

Corsair Capital Management L.P. acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 33,509 shares of the company's stock, valued at approximately $707,000.

A number of other large investors have also added to or reduced their stakes in NBIS. IFP Advisors Inc bought a new position in Nebius Group in the 1st quarter valued at approximately $25,000. First Horizon Advisors Inc. bought a new position in Nebius Group in the 1st quarter valued at approximately $33,000. Banque Cantonale Vaudoise bought a new position in Nebius Group in the 1st quarter valued at approximately $33,000. Manchester Capital Management LLC bought a new position in Nebius Group in the 1st quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC bought a new position in Nebius Group in the 1st quarter valued at approximately $36,000. Institutional investors own 21.90% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NBIS. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research report on Monday. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Arete started coverage on shares of Nebius Group in a research note on Thursday, June 5th. They set a "buy" rating and a $84.00 target price for the company. Finally, DA Davidson boosted their target price on shares of Nebius Group from $55.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat.com, Nebius Group presently has a consensus rating of "Buy" and a consensus target price of $70.80.

Nebius Group Stock Performance

Shares of NBIS stock opened at $72.04 on Friday. The company has a market cap of $16.98 billion, a price-to-earnings ratio of -126.39 and a beta of 3.36. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $75.96. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $57.03 and a 200-day moving average of $40.74.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The firm had revenue of $47.60 million for the quarter, compared to the consensus estimate of $95.60 million. On average, equities analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current year.

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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