Jump Financial LLC Makes New $10.36 Million Investment in Nebius Group N.V. $NBIS

Key Points

• Jump Financial LLC has acquired a new stake in Nebius Group N.V., purchasing 490,857 shares valued at approximately $10.36 million, which represents 0.21% ownership in the company.
• Several institutional investors have also taken positions in Nebius Group, with total institutional ownership now at 21.90% of the company's stock.
• Wall Street analysts show optimism for Nebius Group, with a consensus rating of Buy and a target price of $70.80 following recent price adjustments from various research firms.

Jump Financial LLC bought a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 490,857 shares of the company's stock, valued at approximately $10,362,000. Jump Financial LLC owned 0.21% of Nebius Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Centaurus Financial Inc. acquired a new stake in shares of Nebius Group in the 4th quarter worth approximately $9,505,000. GAMMA Investing LLC purchased a new position in shares of Nebius Group in the first quarter valued at $80,000. Whipplewood Advisors LLC acquired a new position in shares of Nebius Group during the 1st quarter worth $36,000. Intellectus Partners LLC purchased a new stake in shares of Nebius Group in the 1st quarter worth about $570,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in Nebius Group in the 1st quarter valued at about $453,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Stock Performance

NASDAQ NBIS traded down $0.38 on Wednesday, hitting $70.10. The stock had a trading volume of 6,106,018 shares, compared to its average volume of 12,815,603. The stock has a market cap of $16.53 billion, a price-to-earnings ratio of -122.98 and a beta of 3.36. 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 one year low of $14.09 and a one year high of $75.96. The company's 50-day moving average is $56.12 and its two-hundred day moving average is $40.32.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The company had revenue of $47.60 million for the quarter, compared to analyst estimates of $95.60 million. On average, analysts expect that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NBIS. DA Davidson upped their price objective on Nebius Group from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group initiated coverage on shares of Nebius Group in a research report on Monday, July 14th. They set a "buy" rating and a $68.00 price target for the company. Wall Street Zen raised Nebius Group from a "sell" rating to a "hold" rating in a research report on Monday. BWS Financial lifted their price target on shares of Nebius Group from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Northland Securities set a $47.00 target price on shares of Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Two investment 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, the stock has a consensus rating of "Buy" and an average price target of $70.80.

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.