Harbour Investments Inc. Takes Position in Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• Harbour Investments Inc. has acquired a new position in Nebius Group N.V., purchasing 23,303 shares valued at approximately $492,000 in the first quarter.
• Wall Street analysts are showing optimism for Nebius Group with price targets ranging from $47.00 to $84.00, and a consensus rating of "Buy."
• The company's stock saw a 1.8% increase recently, trading at $55.17 with a market capitalization of $13.01 billion and a notable earnings per share prediction of -1.1 for the current fiscal year.

Harbour Investments Inc. purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 23,303 shares of the company's stock, valued at approximately $492,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc acquired a new position in Nebius Group during the first quarter worth approximately $25,000. First Horizon Advisors Inc. acquired a new stake in Nebius Group in the first quarter valued at $33,000. Banque Cantonale Vaudoise purchased a new position in Nebius Group during the first quarter worth about $33,000. Whipplewood Advisors LLC purchased a new position in Nebius Group during the first quarter worth about $36,000. Finally, Larson Financial Group LLC acquired a new stake in Nebius Group during the first quarter worth about $41,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on NBIS. Wall Street Zen lowered Nebius Group from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. The Goldman Sachs Group began coverage on Nebius Group in a research note on Monday, July 14th. They set a "buy" rating and a $68.00 price target for the company. BWS Financial increased their target price on Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Northland Securities set a $47.00 target price on Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Finally, Arete Research upgraded Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Nebius Group currently has a consensus rating of "Buy" and an average price target of $68.80.

Nebius Group Price Performance

Shares of Nebius Group stock traded up $2.88 on Friday, hitting $68.19. 14,771,702 shares of the company's stock traded hands, compared to its average volume of 12,862,250. Nebius Group N.V. has a one year low of $14.09 and a one year high of $71.49. The firm's 50-day moving average price is $49.88 and its two-hundred day moving average price is $37.10. The stock has a market capitalization of $16.08 billion, a PE ratio of -119.92 and a beta of 3.36.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share for the quarter. The business had revenue of $55.30 million for the quarter. During the same period in the previous year, the company posted ($0.25) EPS. The business's revenue was up 385 compared to the same quarter last year. On average, analysts forecast 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.