Fifth Lane Capital LP Purchases Shares of 52,500 Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• Fifth Lane Capital LP acquired 52,500 shares of Nebius Group N.V. in Q1, representing approximately $1,108,000 and making it the fund's 3rd biggest position.
• Research analysts have shown positive sentiment towards Nebius Group, with a majority rating it as a buy and setting an average price target of $70.80.
• Nebius Group reported a significant increase in revenue of 385% year-over-year, with earnings per share of ($0.48) for the most recent quarter.

Fifth Lane Capital LP acquired a new position 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 and Exchange Commission (SEC). The fund acquired 52,500 shares of the company's stock, valued at approximately $1,108,000. Nebius Group makes up about 4.9% of Fifth Lane Capital LP's investment portfolio, making the stock its 3rd biggest position.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc bought a new position in shares of Nebius Group during the 1st quarter valued at about $25,000. First Horizon Advisors Inc. bought a new stake in Nebius Group in the 1st quarter worth approximately $33,000. Banque Cantonale Vaudoise purchased a new stake in Nebius Group in the first quarter worth approximately $33,000. Manchester Capital Management LLC bought a new position in Nebius Group during the first quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC bought a new position in Nebius Group during the first quarter valued at approximately $36,000. 21.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. The Goldman Sachs Group began coverage on shares of Nebius Group in a research report on Monday, July 14th. They set a "buy" rating and a $68.00 price target for the company. BWS Financial boosted their price objective on shares of Nebius Group from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wall Street Zen raised shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Arete Research raised 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, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $70.80.

Nebius Group Stock Up 4.6%

NBIS opened at $71.62 on Friday. 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 simple moving average of $53.50 and a two-hundred day simple moving average of $38.56. The company has a market capitalization of $16.88 billion, a PE ratio of -125.65 and a beta of 3.36.

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 for the quarter. The company's revenue was up 385 compared to the same quarter last year. During the same period in the prior year, the business posted ($0.25) earnings per share. Analysts forecast that Nebius Group N.V. will post -1.1 earnings per share 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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