27,000 Shares in Nebius Group N.V. (NASDAQ:NBIS) Acquired by Intellectus Partners LLC

Intellectus Partners LLC purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,000 shares of the company's stock, valued at approximately $570,000.

Other institutional investors also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new position in Nebius Group during the first quarter valued at approximately $36,000. GAMMA Investing LLC purchased a new position in Nebius Group during the first quarter valued at approximately $80,000. Finally, Centaurus Financial Inc. purchased a new position in Nebius Group during the fourth quarter valued at approximately $9,505,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on NBIS. Northland Securities set a $47.00 price objective on Nebius Group and gave the company an "outperform" rating in a report on Wednesday, May 21st. Arete Research raised Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Northland Capmk raised Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. BWS Financial raised their price objective on Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Arete started coverage on Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $64.00.

Nebius Group Stock Performance

Shares of NASDAQ:NBIS traded down $0.07 during trading on Tuesday, reaching $52.51. The stock had a trading volume of 21,825,850 shares, compared to its average volume of 11,168,124. The business has a fifty day moving average price of $30.39 and a 200-day moving average price of $31.01. The stock has a market cap of $12.38 billion, a PE ratio of -92.12 and a beta of 3.25. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $55.04.

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.