Goldstein Advisors LLC Makes New Investment in Nebius Group N.V. $NBIS

Key Points

• Goldstein Advisors LLC acquired a new position in Nebius Group N.V. during the second quarter, purchasing 7,227 shares valued at approximately $400,000.
• Nebius Group reported earnings of ($0.38) per share, beating expectations, while revenues reached $105.10 million, significantly higher than the anticipated $95.60 million.
• Several analysts have rated Nebius Group positively, with a consensus rating of "Buy" and a price target of $91.20.

Goldstein Advisors LLC bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,227 shares of the company's stock, valued at approximately $400,000.

Several other large investors also recently bought and sold shares of NBIS. GAMMA Investing LLC purchased a new stake in Nebius Group during the 1st quarter worth approximately $80,000. Farther Finance Advisors LLC purchased a new stake in Nebius Group during the 1st quarter worth approximately $152,000. PFG Investments LLC purchased a new stake in Nebius Group during the 1st quarter worth approximately $860,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Nebius Group during the 1st quarter worth approximately $208,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Nebius Group during the 1st quarter worth approximately $220,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Stock Performance

NBIS opened at $113.44 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. The firm has a fifty day moving average price of $93.37 and a 200 day moving average price of $58.49. Nebius Group N.V. has a 1 year low of $14.09 and a 1 year high of $141.10. The stock has a market cap of $26.74 billion, a P/E ratio of -199.02 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its earnings results 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. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The firm had revenue of $105.10 million during the quarter, compared to analysts' expectations of $95.60 million. Equities research analysts anticipate that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research note on Monday, September 15th. BWS Financial lifted their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. The Goldman Sachs Group restated a "buy" rating and set a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Nebius Group in a research note on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Nebius Group currently has a consensus rating of "Buy" and a consensus price target of $91.20.

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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