Ground Swell Capital LLC Makes New Investment in Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• Ground Swell Capital LLC has invested $219,000 in Nebius Group N.V., acquiring 10,368 shares during the first quarter of the year.
• Nebius Group's stock is currently rated as a “Buy” by analysts, with a consensus target price of $70.80.
• The company reported a significant year-over-year revenue increase of 385%, with quarterly revenue reaching $55.30 million.

Ground Swell Capital LLC bought 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 disclosure with the SEC. The fund bought 10,368 shares of the company's stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. IFP Advisors Inc acquired a new stake in Nebius Group in the 1st quarter worth about $25,000. Banque Cantonale Vaudoise acquired a new stake in Nebius Group in the 1st quarter worth about $33,000. First Horizon Advisors Inc. acquired a new position in shares of Nebius Group in the 1st quarter valued at approximately $33,000. Manchester Capital Management LLC acquired a new position in shares of Nebius Group in the 1st quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Nebius Group in the 1st quarter valued at approximately $36,000. Institutional investors own 21.90% of the company's stock.

Nebius Group Price Performance

NBIS stock traded up $3.16 during trading on Friday, reaching $71.62. 9,205,816 shares of the company were exchanged, compared to its average volume of 13,969,128. The company has a 50-day moving average of $53.50 and a two-hundred day moving average of $38.56. The company has a market capitalization of $16.88 billion, a price-to-earnings ratio of -125.65 and a beta of 3.36. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $75.96. 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 released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The company had revenue of $55.30 million for the quarter. The business's quarterly revenue was up 385 compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.25) earnings per share. As a group, equities analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on NBIS. Arete began coverage on shares of Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price for the company. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group began coverage on shares of Nebius Group in a research report on Monday, July 14th. They issued a "buy" rating and a $68.00 target price for the company. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Nebius Group currently has a consensus rating of "Buy" and a consensus price target of $70.80.

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.