Fifth Lane Capital LP Sells 14,400 Shares of Nebius Group N.V. $NBIS

Key Points

• Fifth Lane Capital LP reduced its stake in Nebius Group by 75.8%, selling 14,400 shares and retaining 4,600 shares worth $516,000 at the end of the quarter.
• Nebius missed quarterly expectations, reporting EPS of -$0.69 versus the -$0.42 consensus and revenue of $227.7M versus $246.05M expected.
• Analyst coverage is mixed but the consensus is a Moderate Buy with an average price target of $143.22; ratings range from Strong Buy to Sell, including a Weiss downgrade and a Compass Point buy initiation.

Fifth Lane Capital LP reduced its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 75.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,600 shares of the company's stock after selling 14,400 shares during the period. Fifth Lane Capital LP's holdings in Nebius Group were worth $516,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Oppenheimer Asset Management Inc. lifted its position in shares of Nebius Group by 186.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company's stock valued at $1,652,000 after buying an additional 19,424 shares in the last quarter. Trek Financial LLC purchased a new stake in shares of Nebius Group in the third quarter worth $2,309,000. J.W. Cole Advisors Inc. boosted its holdings in Nebius Group by 123.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 33,488 shares of the company's stock worth $3,760,000 after buying an additional 18,533 shares during the period. Invesco Ltd. increased its stake in Nebius Group by 2.7% in the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company's stock worth $198,514,000 after buying an additional 92,710 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in Nebius Group by 2,272.7% during the third quarter. Salem Investment Counselors Inc. now owns 26,930 shares of the company's stock valued at $3,023,000 after acquiring an additional 25,795 shares during the period. Institutional investors own 21.90% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NBIS. Weiss Ratings downgraded Nebius Group from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, January 15th. Compass Point initiated coverage on shares of Nebius Group in a research report on Wednesday, February 18th. They set a "buy" rating and a $150.00 target price for the company. Northland Securities lifted their price target on shares of Nebius Group from $206.00 to $211.00 and gave the company an "outperform" rating in a report on Wednesday, November 12th. DA Davidson reiterated a "buy" rating and issued a $150.00 price target on shares of Nebius Group in a research note on Wednesday, November 12th. Finally, Citizens Jmp assumed coverage on Nebius Group in a research note on Wednesday, November 19th. They issued a "market outperform" rating and a $175.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $143.22.

Nebius Group Price Performance

NBIS opened at $104.88 on Friday. The firm has a market capitalization of $26.41 billion, a PE ratio of -71.84 and a beta of 3.90. Nebius Group N.V. has a 1 year low of $18.31 and a 1 year high of $141.10. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 6.57. The business's 50-day moving average is $95.00 and its two-hundred day moving average is $95.95.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported ($0.69) earnings per share for the quarter, missing analysts' consensus estimates of ($0.42) by ($0.27). Nebius Group had a net margin of 19.02% and a negative return on equity of 11.70%. The company had revenue of $227.70 million for the quarter, compared to analysts' expectations of $246.05 million. Research analysts anticipate that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal 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.

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