Howland Capital Management LLC Purchases New Position in Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• Howland Capital Management LLC acquired a new position in Nebius Group N.V. by purchasing 230,030 shares valued at approximately $4.86 million in the first quarter.
• Nebius Group's quarterly revenue surged by 385% year-over-year to $55.30 million, although the company reported a loss of ($0.48) earnings per share.
• Analysts have a positive outlook on Nebius Group, with multiple firms upgrading the stock to a "strong-buy" rating and adjusting price targets upwards, with a consensus target price of $66.80.

Howland Capital Management LLC purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 230,030 shares of the company's stock, valued at approximately $4,856,000. Howland Capital Management LLC owned approximately 0.10% of Nebius Group at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. US Bancorp DE acquired a new stake in shares of Nebius Group during the 1st quarter worth approximately $247,000. Harbour Investments Inc. acquired a new stake in Nebius Group in the first quarter valued at approximately $492,000. Baader Bank Aktiengesellschaft acquired a new stake in Nebius Group in the first quarter valued at approximately $1,687,000. Thornburg Investment Management Inc. acquired a new position in shares of Nebius Group during the first quarter worth $2,192,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Nebius Group during the first quarter worth $33,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Analysts Set New Price Targets

NBIS has been the subject of a number of analyst reports. DA Davidson lifted their target price on shares of Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Northland Securities set a $47.00 price target on shares of Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Finally, Arete began coverage on shares of Nebius Group in a report on Thursday, June 5th. They set a "buy" rating and a $84.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $66.80.

Nebius Group Stock Performance

Shares of Nebius Group stock traded down $2.43 during mid-day trading on Friday, hitting $52.00. 11,689,764 shares of the stock were exchanged, compared to its average volume of 11,037,462. Nebius Group N.V. has a 12 month low of $14.09 and a 12 month high of $58.16. The company has a 50-day simple moving average of $48.41 and a 200 day simple moving average of $36.53. The company has a market capitalization of $12.26 billion, a P/E ratio of -91.23 and a beta of 3.36.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its 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. The company's quarterly revenue was up 385 compared to the same quarter last year. During the same period in the previous year, the business earned ($0.25) EPS. Analysts predict that Nebius Group N.V. will post -1.1 EPS for the current 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.