KLCM Advisors Inc. Takes $528,000 Position in Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• KLCM Advisors Inc. acquired 25,000 shares of Nebius Group N.V. for about $528,000 as part of their first quarter investment strategy.
• The stock has demonstrated significant volatility, with a 52-week low of $14.09 and a high of $75.96, currently opening at $70.63.
• Analysts have issued favorable ratings, with several upgrades including a "buy" from Arete and a consensus target price of $70.80 for Nebius Group.

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

A number of other institutional investors and hedge funds also recently modified their holdings of NBIS. Centaurus Financial Inc. acquired a new position in shares of Nebius Group in the fourth quarter worth $9,505,000. GAMMA Investing LLC bought a new stake in Nebius Group during the first quarter valued at about $80,000. Whipplewood Advisors LLC bought a new stake in Nebius Group during the first quarter valued at about $36,000. Intellectus Partners LLC bought a new stake in shares of Nebius Group in the first quarter valued at about $570,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Nebius Group in the first quarter valued at about $453,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wall Street Zen cut shares of Nebius Group from a "hold" rating to a "sell" rating in a research note on Sunday. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. DA Davidson lifted their target price on shares of Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, BWS Financial lifted their target price on shares of Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Nebius Group has a consensus rating of "Buy" and an average target price of $70.80.

Nebius Group Stock Up 4.6%

NASDAQ:NBIS traded up $3.16 on Friday, hitting $71.62. 9,205,816 shares of the company's stock were exchanged, compared to its average volume of 13,969,128. The firm has a 50-day moving average price of $53.50 and a 200-day moving average price of $38.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $75.96. The company has a market cap of $16.88 billion, a P/E ratio of -125.65 and a beta of 3.36.

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

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.