FNY Investment Advisers LLC Grows Stake in Nebius Group N.V. $NBIS

Key Points

• FNY Investment Advisers LLC increased its stake in Nebius Group N.V. by 254.4% in Q2, now owning 9,109 shares valued at approximately $504,000.
• Nebius Group reported a quarterly revenue of $105.10 million, surpassing analyst expectations, and achieved an earnings per share of ($0.38), beating estimates by $0.03.
• Analysts have given Nebius Group a consensus rating of "Buy", with a new average price target of $91.20, reflecting positive market sentiment toward the company's performance.

FNY Investment Advisers LLC increased its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 254.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,109 shares of the company's stock after purchasing an additional 6,539 shares during the quarter. FNY Investment Advisers LLC's holdings in Nebius Group were worth $504,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NBIS. GAMMA Investing LLC purchased a new stake in shares of Nebius Group during the first quarter worth about $80,000. Cambridge Investment Research Advisors Inc. purchased a new position in Nebius Group during the 1st quarter valued at approximately $208,000. Oppenheimer Asset Management Inc. purchased a new position in Nebius Group during the 1st quarter valued at approximately $220,000. Creative Financial Designs Inc. ADV purchased a new position in Nebius Group during the 1st quarter valued at approximately $57,000. Finally, Perpetual Ltd purchased a new position in Nebius Group during the 1st quarter valued at approximately $362,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Price Performance

NASDAQ:NBIS opened at $104.28 on Wednesday. The firm has a market capitalization of $24.58 billion, a price-to-earnings ratio of -182.95 and a beta of 3.45. Nebius Group N.V. has a 1 year low of $16.71 and a 1 year high of $141.10. The business has a 50 day simple moving average of $94.72 and a 200-day simple moving average of $59.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.03. The business had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%. Equities analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on NBIS. Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a report on Tuesday, September 30th. DA Davidson restated a "buy" rating and set a $75.00 price target on shares of Nebius Group in a report on Tuesday, September 9th. Weiss Ratings restated a "hold (c)" rating on shares of Nebius Group in a report on Tuesday, October 14th. Seaport Res Ptn upgraded Nebius Group to a "hold" rating in a report on Monday, September 15th. Finally, BWS Financial raised their price target on Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $91.20.

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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