KLCM Advisors Inc. Acquires Shares of 25,000 Nebius Group N.V. (NASDAQ:NBIS)

KLCM Advisors Inc. purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,000 shares of the company's stock, valued at approximately $528,000.

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

Nebius Group Stock Performance

Shares of NASDAQ:NBIS opened at $70.63 on Thursday. The company has a market capitalization of $16.65 billion, a price-to-earnings ratio of -123.91 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 52 week low of $14.09 and a 52 week high of $75.96. The firm has a 50 day moving average of $52.59 and a 200 day moving average of $37.98.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The company had revenue of $55.30 million for the quarter. The business's revenue for the quarter was up 385 on a year-over-year basis. During the same quarter last year, the firm posted ($0.25) earnings per share. On average, sell-side analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NBIS shares. Arete began coverage on Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective for the company. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the stock an "outperform" rating in a report on Wednesday, May 21st. Northland Capmk raised Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Finally, Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Nebius Group presently has a consensus rating of "Buy" and a consensus target price of $70.80.

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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