MGO One Seven LLC Purchases New Shares in Nebius Group N.V. $NBIS

Key Points

• MGO One Seven LLC acquired 4,608 shares of Nebius Group N.V. for approximately $255,000 during the second quarter as part of its recent filing with the SEC.
• Nebius Group reported a revenue of $105.10 million for the last quarter, beating the consensus estimate of $95.60 million, despite an earnings per share loss of ($0.38).
• Several financial institutions have increased their stakes or initiated new investments in Nebius Group, and the stock currently has a mixed rating, with several firms providing target prices ranging from $75.00 to $130.00.

MGO One Seven LLC bought a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,608 shares of the company's stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ellis Investment Partners LLC purchased a new stake in Nebius Group in the second quarter worth $863,000. Genesee Capital Advisors LLC purchased a new stake in Nebius Group in the second quarter worth $204,000. LRI Investments LLC increased its stake in Nebius Group by 85.4% in the second quarter. LRI Investments LLC now owns 673 shares of the company's stock worth $37,000 after purchasing an additional 310 shares during the period. CWM LLC increased its stake in Nebius Group by 93.8% in the second quarter. CWM LLC now owns 1,221 shares of the company's stock worth $68,000 after purchasing an additional 591 shares during the period. Finally, Lodestar Private Asset Management LLC purchased a new stake in Nebius Group in the second quarter worth $256,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Price Performance

Shares of NBIS stock opened at $113.44 on Monday. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $141.10. The stock's 50-day moving average is $93.37 and its 200 day moving average is $58.75. The company has a market cap of $26.74 billion, a P/E ratio of -199.02 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 issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.03. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%.The company had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. Research analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NBIS. The Goldman Sachs Group reiterated a "buy" rating and issued a $120.00 target price on shares of Nebius Group in a research note on Wednesday, September 17th. DA Davidson reissued a "buy" rating and set a $75.00 price target on shares of Nebius Group in a research report on Tuesday, September 9th. BWS Financial increased their price target on Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Wall Street Zen raised Nebius Group from a "sell" rating to a "hold" rating in a research report on Tuesday, September 30th. Finally, Seaport Res Ptn raised Nebius Group to a "hold" rating in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Nebius Group presently has an average rating of "Buy" and an average price target of $91.20.

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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