Hussman Strategic Advisors Inc. Acquires Shares of 52,500 Nebius Group N.V. (NASDAQ:NBIS)

Hussman Strategic Advisors Inc. purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 52,500 shares of the company's stock, valued at approximately $1,108,000.

A number of other institutional investors have also recently bought and sold shares of NBIS. First Horizon Advisors Inc. bought a new position in shares of Nebius Group during the first quarter valued at $33,000. Whipplewood Advisors LLC bought a new position in shares of Nebius Group during the first quarter valued at $36,000. Larson Financial Group LLC bought a new position in shares of Nebius Group during the first quarter valued at $41,000. Allworth Financial LP bought a new position in shares of Nebius Group during the first quarter valued at $44,000. Finally, Ulland Investment Advisors LLC bought a new position in shares of Nebius Group in the first quarter valued at about $53,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NBIS. Arete Research raised Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Northland Securities set a $47.00 price target on Nebius Group and gave the company an "outperform" rating in a report on Wednesday, May 21st. BWS Financial lifted their price target on Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. DA Davidson boosted their price objective on Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Finally, Wall Street Zen cut Nebius Group from a "hold" rating to a "sell" rating in a report on Friday. One research analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $66.80.

Nebius Group Stock Down 1.7%

Shares of NBIS traded down $0.90 on Friday, hitting $52.79. The company's stock had a trading volume of 9,554,866 shares, compared to its average volume of 11,316,395. Nebius Group N.V. has a fifty-two week low of $14.09 and a fifty-two week high of $56.16. The firm's fifty day moving average price is $45.41 and its 200-day moving average price is $35.20. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of -92.61 and a beta of 3.25.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly 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 during the quarter. The company's revenue was up 385 on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.25) earnings per share. As a group, equities 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.