Farther Finance Advisors LLC Invests $152,000 in Nebius Group N.V. (NASDAQ:NBIS)

Farther Finance Advisors LLC acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,679 shares of the company's stock, valued at approximately $152,000.

Several other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC bought a new stake in shares of Nebius Group during the 1st quarter worth about $36,000. GAMMA Investing LLC bought a new stake in shares of Nebius Group during the 1st quarter worth about $80,000. SeaCrest Wealth Management LLC bought a new stake in shares of Nebius Group during the 1st quarter worth about $453,000. Intellectus Partners LLC bought a new stake in shares of Nebius Group during the 1st quarter worth about $570,000. Finally, TB Alternative Assets Ltd. bought a new stake in shares of Nebius Group during the 1st quarter worth about $2,957,000. 21.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Northland Securities set a $47.00 price target on shares of Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. BWS Financial boosted their price target on shares of Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Arete began coverage on shares of Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price target on the stock. Finally, Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $66.50.

Nebius Group Price Performance

Shares of NBIS traded down $0.35 during mid-day trading on Friday, hitting $47.97. The company's stock had a trading volume of 12,650,272 shares, compared to its average volume of 11,245,525. The firm has a 50-day moving average price of $34.80 and a 200 day moving average price of $32.36. The stock has a market capitalization of $11.31 billion, a price-to-earnings ratio of -84.16 and a beta of 3.25. Nebius Group N.V. has a fifty-two week low of $14.09 and a fifty-two week high of $55.04.

About Nebius Group

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.