Hardy Reed LLC Acquires Shares of 6,600 Nebius Group N.V. $NBIS

Key Points

• Hardy Reed LLC acquired 6,600 shares of Nebius Group N.V. during the second quarter, valued at approximately $365,000.
• Multiple institutional investors have increased their positions in Nebius Group, with significant acquisitions including DekaBank's nearly $8.5 million investment in the first quarter.
• Nebius Group's stock has an average rating of "Buy" among analysts, with target prices ranging from $75.00 to $130.00, indicating positive market sentiment.

Hardy Reed LLC bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,600 shares of the company's stock, valued at approximately $365,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Scientech Research LLC purchased a new position in Nebius Group during the 1st quarter worth approximately $869,000. PFG Investments LLC acquired a new stake in shares of Nebius Group in the first quarter valued at approximately $860,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Nebius Group in the first quarter valued at approximately $8,519,000. Colonial River Investments LLC purchased a new position in shares of Nebius Group during the first quarter worth approximately $330,000. Finally, Vontobel Holding Ltd. acquired a new position in shares of Nebius Group in the 1st quarter valued at $937,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on NBIS. Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research note on Monday, September 15th. BWS Financial upped their target price on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. The Goldman Sachs Group reissued a "buy" rating and set a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Nebius Group in a research note on Saturday, September 27th. Finally, DA Davidson reaffirmed a "buy" rating and set a $75.00 price objective on shares of Nebius Group in a research report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $91.20.

Nebius Group Trading Down 2.4%

NASDAQ NBIS opened at $124.94 on Tuesday. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $29.45 billion, a P/E ratio of -219.19 and a beta of 3.45. Nebius Group N.V. has a 52-week low of $14.09 and a 52-week high of $135.76. The firm has a 50-day moving average price of $80.94 and a 200 day moving average price of $52.39.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.03. The company had revenue of $105.10 million for the quarter, compared to analysts' expectations of $95.60 million. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%. Equities research analysts expect that Nebius Group N.V. will post -1.1 EPS for the current year.

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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