Guild Investment Management Inc. Takes $399,000 Position in Nebius Group N.V. (NASDAQ:NBIS)

Guild Investment Management Inc. purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,900 shares of the company's stock, valued at approximately $399,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NBIS. IFP Advisors Inc acquired a new stake in Nebius Group in the 1st quarter valued at approximately $25,000. First Horizon Advisors Inc. acquired a new stake in Nebius Group in the 1st quarter valued at approximately $33,000. Whipplewood Advisors LLC acquired a new stake in Nebius Group in the 1st quarter valued at approximately $36,000. Larson Financial Group LLC acquired a new stake in Nebius Group in the 1st quarter valued at approximately $41,000. Finally, Allworth Financial LP acquired a new stake in Nebius Group in the 1st quarter valued at approximately $44,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Nebius Group Trading Down 1.5%

Shares of NASDAQ NBIS traded down $0.79 during mid-day trading on Friday, reaching $51.37. The company had a trading volume of 6,196,349 shares, compared to its average volume of 10,738,512. The stock has a market cap of $12.11 billion, a PE ratio of -90.12 and a beta of 3.25. The company has a 50-day moving average price of $47.03 and a two-hundred day moving average price of $35.92. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $58.16.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The company had revenue of $55.30 million during the quarter. The firm's revenue was up 385 on a year-over-year basis. During the same period in the previous year, the business posted ($0.25) EPS. On average, research analysts expect that Nebius Group N.V. will post -1.1 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on NBIS. Arete began coverage on Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price target on the stock. Northland Securities set a $47.00 price target on Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Wall Street Zen cut Nebius Group from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. DA Davidson lifted their price target on Nebius Group from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Finally, Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Nebius Group has a consensus rating of "Buy" and an average price target of $66.80.

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.