Lbmc Investment Advisors LLC Acquires Shares of 7,190 Nebius Group N.V. $NBIS

Key Points

• Lbmc Investment Advisors LLC has acquired a new stake in Nebius Group N.V., purchasing 7,190 shares valued at approximately $398,000 in the 2nd quarter.
• Analysts have set a consensus price target of $80.80 for Nebius Group, with ratings varying from "Strong Buy" to "Hold" from multiple firms.
• Nebius Group reported earnings of ($0.38) per share for the last quarter, beating analysts' expectations with revenue of $105.10 million.

Lbmc Investment Advisors LLC purchased a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,190 shares of the company's stock, valued at approximately $398,000.

Several other large investors have also recently made changes to their positions in NBIS. Salem Investment Counselors Inc. grew its position in Nebius Group by 1,413.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 1,135 shares of the company's stock worth $63,000 after purchasing an additional 1,060 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Nebius Group in the first quarter valued at about $25,000. Banque Cantonale Vaudoise acquired a new stake in shares of Nebius Group in the first quarter valued at about $33,000. First Horizon Advisors Inc. acquired a new position in Nebius Group during the first quarter worth about $33,000. Finally, Manchester Capital Management LLC acquired a new position in Nebius Group during the first quarter worth about $34,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NBIS shares. Arete initiated coverage on shares of Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price for the company. BWS Financial boosted their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research note on Monday, September 15th. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Sunday, September 14th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $120.00 target price on shares of Nebius Group in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Nebius Group currently has a consensus rating of "Buy" and an average target price of $91.20.

Nebius Group Stock Performance

Shares of Nebius Group stock traded up $5.19 during trading on Friday, hitting $99.31. 18,587,395 shares of the stock were exchanged, compared to its average volume of 18,338,676. The stock's fifty day moving average is $67.28 and its 200 day moving average is $45.43. The stock has a market cap of $23.41 billion, a PE ratio of -174.23 and a beta of 3.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. Nebius Group N.V. has a 12 month low of $14.09 and a 12 month high of $100.51.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.03. The firm had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. As a group, sell-side analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current year.

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.