Invesco Ltd. Buys New Stake in Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• Invesco Ltd. acquired a new stake in Nebius Group N.V., purchasing 3,495,101 shares valued at approximately $73.78 million, which represents 1.48% ownership of the company.
• Analysts have been bullish on Nebius Group, with research reports indicating upgrades and new price targets ranging from $47.00 to $90.00, collectively rating the stock as a "Buy" with a consensus target price of $70.80.
• Nebius Group reported a significant quarterly revenue increase of 385% compared to the previous year, amounting to $55.30 million, although it reported an EPS loss of ($0.48) for the quarter.

Invesco Ltd. bought a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,495,101 shares of the company's stock, valued at approximately $73,782,000. Invesco Ltd. owned 1.48% of Nebius Group at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new position in Nebius Group during the first quarter valued at $25,000. First Horizon Advisors Inc. acquired a new position in Nebius Group during the first quarter valued at $33,000. Banque Cantonale Vaudoise acquired a new position in Nebius Group during the first quarter valued at $33,000. Manchester Capital Management LLC acquired a new position in Nebius Group during the first quarter valued at $34,000. Finally, Whipplewood Advisors LLC acquired a new position in Nebius Group during the first quarter valued at $36,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on NBIS shares. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. BWS Financial upped their price objective on shares of Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group started coverage on shares of Nebius Group in a research report on Monday, July 14th. They issued a "buy" rating and a $68.00 price objective for the company. Finally, DA Davidson upped their price objective on shares of Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $70.80.

Nebius Group Stock Up 4.6%

NBIS stock opened at $71.62 on Friday. The stock has a market capitalization of $16.88 billion, a P/E ratio of -125.65 and a beta of 3.36. The firm has a 50-day simple moving average of $53.50 and a 200-day simple moving average of $38.62. 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 N.V. has a 52 week low of $14.09 and a 52 week high of $75.96.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The firm had revenue of $55.30 million for the quarter. The firm's quarterly revenue was up 385 compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.25) earnings per share. Equities analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Nebius Group Company 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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