Lodestar Private Asset Management LLC Makes New $256,000 Investment in Nebius Group N.V. $NBIS

Key Points

• Lodestar Private Asset Management LLC has made a new investment of approximately $256,000 in Nebius Group N.V., acquiring 4,621 shares during the 2nd quarter of 2023.
• Several analysts have given Nebius Group a consensus rating of "Buy," with target prices ranging from $75.00 to $130.00 per share.
• Nebius Group's stock has been volatile, with a significant range in the past 12 months, hitting a low of $14.09 and a high of $141.10, despite a recent 2.3% decline.

Lodestar Private Asset Management LLC bought a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,621 shares of the company's stock, valued at approximately $256,000.

Other large investors have also modified their holdings of the company. IFP Advisors Inc acquired a new position in shares of Nebius Group in the 1st quarter valued at $25,000. Signaturefd LLC boosted its holdings in shares of Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company's stock valued at $25,000 after buying an additional 250 shares in the last quarter. SJS Investment Consulting Inc. acquired a new position in shares of Nebius Group in the 2nd quarter valued at $31,000. First Horizon Advisors Inc. acquired a new position in shares of Nebius Group in the 1st quarter valued at $33,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Nebius Group in the 1st quarter valued at $33,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Nebius Group in a report on Saturday, September 27th. Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a report on Monday, September 15th. BWS Financial upped their target price on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. DA Davidson reiterated a "buy" rating and issued a $75.00 price target on shares of Nebius Group in a research report on Tuesday, September 9th. Finally, Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $91.20.

Nebius Group Stock Down 2.3%

NBIS stock opened at $129.58 on Monday. The company has a fifty day moving average price of $86.82 and a 200 day moving average price of $55.16. Nebius Group N.V. has a 12 month low of $14.09 and a 12 month high of $141.10. The company has a market cap of $30.55 billion, a price-to-earnings ratio of -227.33 and a beta of 3.45. 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 (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.03. The company had revenue of $105.10 million during the quarter, compared to the consensus estimate of $95.60 million. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. Sell-side analysts expect that Nebius Group N.V. will post -1.1 earnings per share 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.

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