High Net Worth Advisory Group LLC Invests $221,000 in Nebius Group N.V. $NBIS

Key Points

• High Net Worth Advisory Group LLC invested approximately $221,000 in Nebius Group N.V., purchasing 3,996 shares during the second quarter.
• Nebius Group recently reported an earnings per share (EPS) of ($0.38), exceeding the analysts' expectations of ($0.41), with quarterly revenue of $105.10 million.
• Analysts have varying ratings on Nebius Group, with Goldman Sachs setting a price target of $120.00 and overall sentiment generally positive, showing an average target price of $91.20.

High Net Worth Advisory Group LLC bought a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,996 shares of the company's stock, valued at approximately $221,000.

Other hedge funds also recently modified their holdings of the company. Centaurus Financial Inc. acquired a new stake in Nebius Group during the fourth quarter worth about $9,505,000. GAMMA Investing LLC bought a new position in shares of Nebius Group in the first quarter valued at approximately $80,000. Whipplewood Advisors LLC bought a new position in Nebius Group in the 1st quarter valued at $36,000. Intellectus Partners LLC bought a new stake in shares of Nebius Group during the first quarter worth $570,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Nebius Group during the first quarter worth $453,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Price Performance

NBIS stock traded up $5.19 on Friday, reaching $99.31. 18,587,395 shares of the company's stock were exchanged, compared to its average volume of 18,338,676. The stock has a fifty day moving average of $67.28 and a 200-day moving average of $45.53. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $100.51. The firm has a market cap of $23.41 billion, a PE ratio of -174.23 and a beta of 3.55. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.03. The company had revenue of $105.10 million during the quarter, compared to analysts' expectations of $95.60 million. As a group, equities analysts predict that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on NBIS. The Goldman Sachs Group restated a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a research report on Wednesday. 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. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Finally, Arete assumed coverage on shares of Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Nebius Group presently has an average rating of "Buy" and a consensus price target 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.