Hardman Johnston Global Advisors LLC Invests $393,000 in Nebius Group N.V. $NBIS

Key Points

• Hardman Johnston Global Advisors LLC has invested $393,000 in Nebius Group N.V. by acquiring 7,105 shares during the second quarter.
• Nebius Group reported earnings of ($0.38) per share for the last quarter, surpassing analysts' expectations, and has a net margin of 99.34%.
• The stock is currently rated as a "buy" by six analysts, with an average target price of $91.20.

Hardman Johnston Global Advisors LLC bought a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,105 shares of the company's stock, valued at approximately $393,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC bought a new stake in Nebius Group during the first quarter valued at approximately $80,000. Whipplewood Advisors LLC purchased a new position in shares of Nebius Group during the 1st quarter worth $36,000. Intellectus Partners LLC bought a new position in shares of Nebius Group during the 1st quarter valued at approximately $570,000. SeaCrest Wealth Management LLC purchased a new position in Nebius Group during the first quarter valued at approximately $453,000. Finally, TB Alternative Assets Ltd. purchased a new stake in Nebius Group in the 1st quarter worth $2,957,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Stock Performance

NASDAQ:NBIS opened at $125.87 on Friday. The stock's 50 day simple moving average is $77.97 and its two-hundred day simple moving average is $50.66. Nebius Group N.V. has a 1 year low of $14.09 and a 1 year high of $126.74. 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 company has a market cap of $29.67 billion, a price-to-earnings ratio of -220.82 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 for the quarter, beating analysts' consensus estimates 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 analyst estimates of $95.60 million. As a group, equities analysts anticipate that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. BWS Financial boosted their price target on Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. The Goldman Sachs Group reissued a "buy" rating and issued a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research report on Monday, September 15th. Finally, Arete began coverage on shares of Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Nebius Group currently has an average rating of "Buy" and a consensus target price of $91.20.

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.

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