11,021 Shares in Nebius Group N.V. $NBIS Acquired by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC has acquired a new position in Nebius Group N.V., purchasing 11,021 shares valued at approximately $233,000 during the first quarter.
• Several other major institutional investors have also recently invested in Nebius Group, with notable acquisitions totaling over $96 million by Accel Leaders 4 Associates L.P.
• The company's stock has dropped slightly by 0.1%, trading at $65.65, while reporting a loss of ($0.44) EPS for the last quarter, underperforming analysts' expectations.

Magnetar Financial LLC purchased 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 SEC. The fund purchased 11,021 shares of the company's stock, valued at approximately $233,000.

Several other institutional investors also recently modified their holdings of the business. IFP Advisors Inc bought a new stake in Nebius Group during the 1st quarter valued at $25,000. Banque Cantonale Vaudoise bought a new position in shares of Nebius Group during the first quarter valued at about $33,000. First Horizon Advisors Inc. bought a new position in shares of Nebius Group during the first quarter valued at about $33,000. Manchester Capital Management LLC purchased a new stake in shares of Nebius Group during the first quarter worth about $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in Nebius Group in the first quarter worth $36,000. 21.90% of the stock is owned by institutional investors.

Nebius Group Trading Up 0.9%

NASDAQ NBIS traded up $0.56 during trading on Friday, hitting $65.47. The stock had a trading volume of 5,739,008 shares, compared to its average volume of 10,620,311. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The stock has a market capitalization of $15.43 billion, a price-to-earnings ratio of -114.86 and a beta of 3.55. Nebius Group N.V. has a one year low of $14.09 and a one year high of $75.96. The stock has a 50 day simple moving average of $59.01 and a 200 day simple moving average of $41.67.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The business had revenue of $47.60 million for the quarter, compared to analyst estimates of $95.60 million. Sell-side analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on NBIS. Wall Street Zen lowered shares of Nebius Group from a "hold" rating to a "sell" rating in a report on Saturday. DA Davidson boosted their price objective 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. Arete assumed 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. Northland Securities set a $47.00 price objective on Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Finally, BWS Financial upped their price objective on Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $70.80.

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.