DekaBank Deutsche Girozentrale Buys New Stake in Nebius Group N.V. (NASDAQ:NBIS)

DekaBank Deutsche Girozentrale acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 406,516 shares of the company's stock, valued at approximately $8,519,000. DekaBank Deutsche Girozentrale owned about 0.17% of Nebius Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in NBIS. First Horizon Advisors Inc. acquired a new position in Nebius Group in the first quarter valued at approximately $33,000. Whipplewood Advisors LLC acquired a new position in Nebius Group during the first quarter worth $36,000. Ulland Investment Advisors LLC acquired a new position in Nebius Group during the first quarter worth $53,000. Creative Financial Designs Inc. ADV acquired a new position in Nebius Group during the first quarter worth $57,000. Finally, GAMMA Investing LLC acquired a new position in Nebius Group during the first quarter worth $80,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. DA Davidson upped their price target on Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Finally, Northland Securities set a $47.00 price target on Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Nebius Group has a consensus rating of "Buy" and an average target price of $66.50.

Nebius Group Price Performance

Shares of NASDAQ NBIS traded down $2.13 during mid-day trading on Friday, hitting $44.30. The company had a trading volume of 9,165,599 shares, compared to its average volume of 11,217,201. The company has a market capitalization of $10.44 billion, a PE ratio of -77.72 and a beta of 3.25. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $55.75. The business's 50-day simple moving average is $42.76 and its 200 day simple moving average is $34.32.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The firm had revenue of $55.30 million during the quarter. The business's revenue was up 385 compared to the same quarter last year. During the same period in the previous year, the company earned ($0.25) EPS. On average, analysts expect that Nebius Group N.V. will post -1.1 EPS for the current year.

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.