Perennial Advisors LLC Acquires New Position in Nebius Group N.V. $NBIS

Key Points

• Perennial Advisors LLC has acquired a new position in Nebius Group N.V. (NASDAQ: NBIS), purchasing 5,130 shares valued at approximately $284,000 during the second quarter.
• Several brokerages have given Nebius Group a positive outlook, with Goldman Sachs setting a target price of $120.00 and multiple firms issuing "buy" or "strong-buy" ratings.
• Nebius Group reported better-than-expected earnings, with revenue of $105.10 million, surpassing analyst estimates of $95.60 million.

Perennial Advisors LLC acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,130 shares of the company's stock, valued at approximately $284,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Centaurus Financial Inc. purchased a new position in shares of Nebius Group during the 4th quarter worth approximately $9,505,000. GAMMA Investing LLC acquired a new position in Nebius Group during the first quarter worth $80,000. Whipplewood Advisors LLC acquired a new position in Nebius Group during the first quarter worth $36,000. Intellectus Partners LLC purchased a new position in Nebius Group in the first quarter worth $570,000. Finally, SeaCrest Wealth Management LLC purchased a new position in Nebius Group in the first quarter worth $453,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NBIS. The Goldman Sachs Group restated a "buy" rating and set a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Seaport Res Ptn raised shares of Nebius Group to a "hold" rating in a report on Monday, September 15th. Wall Street Zen lowered shares of Nebius Group from a "hold" rating to a "sell" rating in a research report on Monday. Finally, Arete assumed coverage on shares of Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $91.20.

Nebius Group Stock Up 5.0%

NBIS opened at $113.23 on Thursday. The firm has a market cap of $26.69 billion, a P/E ratio of -198.65 and a beta of 3.55. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $114.85. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The business's fifty day simple moving average is $70.65 and its 200 day simple moving average is $47.10.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted 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. The business had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. As a group, equities research analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

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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