Oppenheimer Asset Management Inc. Buys Shares of 10,426 Nebius Group N.V. (NASDAQ:NBIS)

Oppenheimer Asset Management Inc. 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,426 shares of the company's stock, valued at approximately $220,000.

Several other institutional investors have also recently made changes to their positions in NBIS. Whipplewood Advisors LLC purchased a new stake in shares of Nebius Group during the first quarter worth about $36,000. Ulland Investment Advisors LLC purchased a new position in shares of Nebius Group in the first quarter worth $53,000. GAMMA Investing LLC acquired a new stake in shares of Nebius Group during the first quarter worth $80,000. Fifth Third Bancorp acquired a new stake in Nebius Group during the 1st quarter worth about $130,000. Finally, Farther Finance Advisors LLC purchased a new stake in Nebius Group during the 1st quarter valued at about $152,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NBIS. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. BWS Financial upped their target price on Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Arete initiated coverage on Nebius Group in a report on Thursday, June 5th. They set a "buy" rating and a $84.00 target price on the stock. DA Davidson boosted their price target on Nebius Group from $50.00 to $55.00 and gave the company a "buy" rating in a report on Monday, June 16th. Finally, Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $66.50.

Nebius Group Price Performance

NBIS stock traded up $0.13 during trading on Friday, hitting $50.10. The stock had a trading volume of 5,143,329 shares, compared to its average volume of 11,276,531. The company's 50-day moving average price is $40.53 and its two-hundred day moving average price is $33.63. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $55.75. The stock has a market capitalization of $11.81 billion, a P/E ratio of -87.89 and a beta of 3.25.

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.