Pekin Hardy Strauss Inc. Buys New Stake in Nebius Group N.V. (NASDAQ:NBIS)

Pekin Hardy Strauss Inc. acquired a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 39,820 shares of the company's stock, valued at approximately $841,000.

Several other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. bought a new position in shares of Nebius Group in the 1st quarter worth approximately $2,046,000. Concurrent Investment Advisors LLC bought a new position in shares of Nebius Group in the 1st quarter worth approximately $361,000. Bank of New York Mellon Corp bought a new position in shares of Nebius Group in the 1st quarter worth approximately $462,000. GF Fund Management CO. LTD. bought a new position in shares of Nebius Group in the 1st quarter worth approximately $390,000. Finally, Bellevue Asset Management LLC bought a new stake in Nebius Group during the 1st quarter worth approximately $211,000. Institutional investors own 21.90% of the company's stock.

Nebius Group Stock Performance

NBIS traded down $2.13 during trading on Friday, reaching $44.30. 9,165,599 shares of the company traded hands, compared to its average volume of 11,217,201. Nebius Group N.V. has a 12-month low of $14.09 and a 12-month high of $55.75. The firm has a fifty day simple moving average of $42.76 and a 200 day simple moving average of $34.27. The company has a market cap of $10.44 billion, a P/E ratio of -77.72 and a beta of 3.25.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced 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 last year, the company posted ($0.25) earnings per share. The business's revenue was up 385 on a year-over-year basis. As a group, sell-side analysts expect that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Arete assumed coverage on shares of Nebius Group in a research note on Thursday, June 5th. They set a "buy" rating and a $84.00 target price on the stock. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. BWS Financial raised their target price on shares of Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. One 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 data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $66.50.

Nebius Group 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.