K2 Principal Fund L.P. Acquires New Position in Nebius Group N.V. $NBIS

Key Points

• K2 Principal Fund L.P. has acquired a new position in Nebius Group N.V., purchasing 26,065 shares valued at approximately $550,000.
• A total of 21.90% of Nebius Group's stock is owned by institutional investors and hedge funds, with significant stakes acquired by Orbis Allan Gray Ltd and Accel Leaders 4 Associates L.P.
• Analysts have a consensus rating of "Buy" for Nebius Group, with Goldman Sachs setting a target price of $68.00 for the stock.

K2 Principal Fund L.P. purchased a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 26,065 shares of the company's stock, valued at approximately $550,000.

Several other institutional investors and 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 fourth quarter valued at approximately $9,505,000. GAMMA Investing LLC purchased a new position in shares of Nebius Group during the first quarter valued at approximately $80,000. Whipplewood Advisors LLC purchased a new position in Nebius Group during the first quarter worth approximately $36,000. Intellectus Partners LLC purchased a new position in Nebius Group during the first quarter worth approximately $570,000. Finally, SeaCrest Wealth Management LLC purchased a new position in Nebius Group during the first quarter worth approximately $453,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Northland Securities set a $47.00 price target on shares of Nebius Group and gave the company an "outperform" rating in a report on Wednesday, May 21st. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. DA Davidson lifted their price target on shares of Nebius Group from $55.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Arete began coverage on shares of Nebius Group in a research note on Thursday, June 5th. They set a "buy" rating and a $84.00 target price for the company. Finally, The Goldman Sachs Group started coverage on shares of Nebius Group in a research note on Monday, July 14th. They set a "buy" rating and a $68.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $70.80.

Nebius Group Trading Down 2.2%

Shares of Nebius Group stock traded down $1.41 during trading on Monday, hitting $64.06. The stock had a trading volume of 10,224,682 shares, compared to its average volume of 12,608,191. The stock has a 50 day simple moving average of $59.01 and a 200 day simple moving average of $41.64. The company has a market capitalization of $15.10 billion, a PE ratio of -112.39 and a beta of 3.55. 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 1 year low of $14.09 and a 1 year high of $75.96.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its earnings results on Tuesday, September 9th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The firm had revenue of $47.60 million for the quarter, compared to analyst estimates of $95.60 million. On average, research analysts expect that Nebius Group N.V. will post -1.1 EPS 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.