Maxi Investments CY Ltd Invests $1 Million in Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• Maxi Investments CY Ltd has acquired a new position in Nebius Group N.V., purchasing 47,400 shares valued at approximately $1,001,000 in the first quarter.
• Several other institutional investors have also increased their stakes in Nebius Group, contributing to a total ownership of 21.90% of the company's stock.
• Analysts have mixed ratings for Nebius Group, with price targets ranging from $60.00 to $84.00 and an average target price of $66.80, classifying it with an overall average rating of "Buy".

Maxi Investments CY Ltd purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 47,400 shares of the company's stock, valued at approximately $1,001,000.

Other hedge funds also recently bought and sold shares of the company. IFP Advisors Inc purchased a new position in Nebius Group during the first quarter valued at $25,000. First Horizon Advisors Inc. purchased a new position in Nebius Group in the 1st quarter valued at about $33,000. Banque Cantonale Vaudoise purchased a new stake in Nebius Group during the 1st quarter worth approximately $33,000. Manchester Capital Management LLC purchased a new stake in Nebius Group during the 1st quarter worth approximately $34,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Nebius Group during the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on NBIS. Arete initiated coverage on Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price target for the company. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Northland Securities set a $47.00 price target on shares of Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. BWS Financial increased their price objective on shares of Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, DA Davidson boosted their target price on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $68.80.

Nebius Group Stock Down 0.1%

NASDAQ:NBIS traded down $0.08 on Wednesday, hitting $55.09. The stock had a trading volume of 9,571,246 shares, compared to its average volume of 11,513,455. The company has a fifty day moving average price of $49.03 and a two-hundred day moving average price of $36.78. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $58.16. The stock has a market cap of $12.99 billion, a price-to-earnings ratio of -96.65 and a beta of 3.36.

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

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.