Deutsche Bank AG Purchases Shares of 152,393 Nebius Group N.V. $NBIS

Key Points

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Deutsche Bank AG purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 152,393 shares of the company's stock, valued at approximately $3,217,000. Deutsche Bank AG owned 0.06% of Nebius Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. IFP Advisors Inc bought a new stake in Nebius Group during the first quarter valued at about $25,000. Banque Cantonale Vaudoise bought a new stake in Nebius Group during the first quarter valued at about $33,000. First Horizon Advisors Inc. bought a new position in shares of Nebius Group in the first quarter worth about $33,000. Manchester Capital Management LLC bought a new position in shares of Nebius Group in the first quarter worth about $34,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Nebius Group in the first quarter worth about $36,000. Institutional investors own 21.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NBIS shares. DA Davidson upped their price objective on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Northland Capmk raised Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Wall Street Zen lowered Nebius Group from a "hold" rating to a "sell" rating in a research note on Sunday. Arete Research raised Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Finally, BWS Financial upped their price objective on Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Nebius Group has an average rating of "Buy" and an average target price of $70.80.

Nebius Group Price Performance

Shares of Nebius Group stock opened at $72.54 on Tuesday. The stock has a 50 day moving average of $53.90 and a 200 day moving average of $38.95. Nebius Group N.V. has a 12 month low of $14.09 and a 12 month high of $75.96. The firm has a market cap of $17.10 billion, a PE ratio of -127.26 and a beta of 3.36. 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 (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The company had revenue of $55.30 million during the quarter. During the same quarter last year, the firm earned ($0.25) earnings per share. The business's quarterly revenue was up 385 compared to the same quarter last year. On average, research analysts expect that Nebius Group N.V. will post -1.1 EPS for the current fiscal 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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