Hodges Capital Management Inc. Purchases New Stake in Nebius Group N.V. $NBIS

Key Points

• Hodges Capital Management Inc. acquired a new stake in Nebius Group N.V., purchasing 113,915 shares valued at approximately $2.4 million during the first quarter.
• Several analysts have rated Nebius Group with two "Strong Buy" ratings and five "Buy" ratings, with a consensus price target of $80.80.
• Nebius Group reported revenues of $105.1 million in its most recent quarter, exceeding analyst expectations of $95.6 million.

Hodges Capital Management Inc. purchased a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 113,915 shares of the company's stock, valued at approximately $2,405,000.

A number of other institutional investors have also recently modified their holdings of the business. IFP Advisors Inc purchased a new stake in Nebius Group during the first quarter worth $25,000. Banque Cantonale Vaudoise purchased a new stake in Nebius Group during the first quarter worth $33,000. First Horizon Advisors Inc. purchased a new stake in Nebius Group during the first quarter worth $33,000. Manchester Capital Management LLC purchased a new stake in Nebius Group during the first quarter worth $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in Nebius Group during the first quarter worth $36,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on NBIS. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Wall Street Zen downgraded Nebius Group from a "hold" rating to a "sell" rating in a research report on Saturday, September 6th. The Goldman Sachs Group began coverage on Nebius Group in a research report on Monday, July 14th. They set a "buy" rating and a $68.00 target price on the stock. DA Davidson reiterated a "buy" rating and set a $75.00 target price on shares of Nebius Group in a research report on Tuesday. Finally, Northland Securities set a $47.00 target price on Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat.com, Nebius Group currently has an average rating of "Buy" and a consensus price target of $80.80.

Nebius Group Stock Performance

NASDAQ NBIS opened at $89.19 on Friday. Nebius Group N.V. has a fifty-two week low of $14.09 and a fifty-two week high of $100.51. The stock has a market cap of $21.03 billion, a price-to-earnings ratio of -156.47 and a beta of 3.55. The business has a fifty day moving average of $61.75 and a 200-day moving average of $42.90. 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 released its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.03. The company had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. As a group, analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

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.

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