Murchinson Ltd. Acquires New Position in Nebius Group N.V. $NBIS

Key Points

• Murchinson Ltd. has acquired a new stake in Nebius Group N.V. worth approximately $1,056,000, purchasing 50,000 shares.
• Various institutional investors have also invested in Nebius Group, with Orbis Allan Gray Ltd leading with a substantial new position valued at $331,474,000.
• Recent analyst reports show a mixed outlook, with price targets ranging from $68.00 to $90.00, and a consensus rating of "Buy" for the stock.

Murchinson Ltd. bought a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 50,000 shares of the company's stock, valued at approximately $1,056,000.

A number of other large investors also recently made changes to their positions in NBIS. Orbis Allan Gray Ltd acquired a new position in shares of Nebius Group in the 1st quarter valued at $331,474,000. Accel Leaders 4 Associates L.P. acquired a new position in shares of Nebius Group in the 1st quarter valued at $96,704,000. Invesco Ltd. acquired a new position in shares of Nebius Group in the 1st quarter valued at $73,782,000. Greenwoods Asset Management Hong Kong Ltd. acquired a new position in shares of Nebius Group in the 1st quarter valued at $46,822,000. Finally, Nvidia Corp acquired a new position in shares of Nebius Group in the 1st quarter valued at $25,131,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Analyst Ratings Changes

NBIS has been the topic of a number of analyst reports. BWS Financial increased their price target on Nebius Group from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Arete started coverage on shares of Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target for the company. Wall Street Zen lowered shares of Nebius Group from a "hold" rating to a "sell" rating in a report on Saturday. Finally, The Goldman Sachs Group started coverage on shares of Nebius Group in a report on Monday, July 14th. They issued a "buy" rating and a $68.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, Nebius Group currently has a consensus rating of "Buy" and an average price target of $70.80.

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $65.47 on Friday. The firm has a market cap of $15.43 billion, a PE ratio of -114.86 and a beta of 3.55. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $75.96. The company has a fifty day moving average price of $59.01 and a 200 day moving average price of $41.70.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its earnings results on Tuesday, September 9th. The company reported ($0.44) earnings per share for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.03). The company had revenue of $47.60 million for the quarter, compared to analysts' expectations of $95.60 million. Research analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal 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.

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