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Moors & Cabot Inc. Invests $298,000 in Nebius Group N.V. (NASDAQ:NBIS)

Nebius Group logo with Computer and Technology background

Key Points

  • Moors & Cabot Inc. has invested $298,000 in Nebius Group N.V. by purchasing 14,120 shares during the first quarter, according to a recent SEC filing.
  • Nebius Group posted a quarterly revenue of $55.30 million, up 385% compared to the same quarter last year, despite reporting an EPS of ($0.48).
  • Several analysts have recently upgraded Nebius Group's stock rating to "strong-buy", with average target prices around $68.80.
  • MarketBeat previews the top five stocks to own by September 1st.

Moors & Cabot Inc. bought a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,120 shares of the company's stock, valued at approximately $298,000.

Other institutional investors have also recently bought and sold shares of the company. Centaurus Financial Inc. bought a new stake in Nebius Group during the 4th quarter worth about $9,505,000. GAMMA Investing LLC bought a new stake in Nebius Group during the first quarter worth about $80,000. Whipplewood Advisors LLC acquired a new position in Nebius Group during the first quarter valued at approximately $36,000. Intellectus Partners LLC bought a new position in Nebius Group in the first quarter valued at approximately $570,000. Finally, SeaCrest Wealth Management LLC bought a new position in Nebius Group in the first quarter valued at approximately $453,000. Institutional investors own 21.90% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on NBIS. BWS Financial raised their target price on shares of Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. DA Davidson raised their target price on shares of Nebius Group from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday. Wall Street Zen cut Nebius Group from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Finally, Arete assumed coverage on Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Nebius Group has a consensus rating of "Buy" and a consensus price target of $68.80.

Read Our Latest Stock Analysis on NBIS

Nebius Group Stock Down 0.1%

Shares of NASDAQ NBIS traded down $0.08 during mid-day trading on Wednesday, reaching $55.09. 9,571,246 shares of the company were exchanged, compared to its average volume of 11,513,455. The stock has a market capitalization of $12.99 billion, a P/E ratio of -96.65 and a beta of 3.36. The company's 50-day simple moving average is $49.34 and its 200-day simple moving average is $36.90. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $58.16.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The business had revenue of $55.30 million for the quarter. During the same quarter in the prior year, the firm earned ($0.25) earnings per share. Nebius Group's revenue for the quarter was up 385 on a year-over-year basis. As a group, equities research analysts expect that Nebius Group N.V. will post -1.1 EPS for the current year.

Nebius Group Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Nebius Group (NASDAQ:NBIS)

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