Jupiter Asset Management Ltd. Makes New Investment in Nebius Group N.V. (NASDAQ:NBIS)

Jupiter Asset Management Ltd. acquired 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 Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,000 shares of the company's stock, valued at approximately $380,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new position in shares of Nebius Group during the first quarter worth approximately $11,998,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Nebius Group during the first quarter worth approximately $8,519,000. Centaurus Financial Inc. purchased a new position in shares of Nebius Group during the fourth quarter worth approximately $9,505,000. Howland Capital Management LLC purchased a new position in shares of Nebius Group during the first quarter worth approximately $4,856,000. Finally, Pinnacle Associates Ltd. purchased a new position in shares of Nebius Group during the first quarter worth approximately $4,042,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Nebius Group Stock Performance

Nebius Group stock opened at $54.17 on Tuesday. Nebius Group N.V. has a one year low of $14.09 and a one year high of $58.16. The business has a fifty day moving average of $48.72 and a two-hundred day moving average of $36.65. The company has a market cap of $12.77 billion, a P/E ratio of -95.04 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) EPS for the quarter. The business had revenue of $55.30 million during the quarter. During the same period in the prior year, the company earned ($0.25) earnings per share. The company's quarterly revenue was up 385 compared to the same quarter last year. Sell-side analysts predict that Nebius Group N.V. will post -1.1 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. 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. Arete initiated coverage on shares of Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective on the stock. Wall Street Zen lowered shares of Nebius Group from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Finally, Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $66.80.

About Nebius Group

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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