Persistent Asset Partners Ltd Makes New Investment in Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• Persistent Asset Partners Ltd has acquired 10,000 shares of Nebius Group N.V., valued at approximately $211,000, during the first quarter of the year.
• Several institutional investors have also invested in Nebius Group, with notable purchases including Invesco Ltd. at $73.78 million and Burkehill Global Management at $18.48 million.
• Nebius Group reported a revenue increase of 385% year-over-year, with a current EPS of ($0.48) for the latest quarter, as it anticipates a projected EPS of -1.1 for the current year.

Persistent Asset Partners Ltd purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the company's stock, valued at approximately $211,000.

Other large investors have also recently made changes to their positions in the company. Invesco Ltd. bought a new position in shares of Nebius Group in the first quarter worth approximately $73,782,000. Burkehill Global Management LP bought a new position in shares of Nebius Group in the first quarter worth approximately $18,476,000. WCM Investment Management LLC bought a new position in shares of Nebius Group in the first quarter worth approximately $11,998,000. DekaBank Deutsche Girozentrale bought a new position in shares of Nebius Group in the first quarter worth approximately $8,519,000. Finally, Centaurus Financial Inc. bought a new position in shares of Nebius Group in the fourth quarter worth approximately $9,505,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Stock Performance

NASDAQ:NBIS opened at $70.24 on Tuesday. The stock has a market cap of $16.56 billion, a P/E ratio of -123.23 and a beta of 3.36. The firm's fifty day simple moving average is $51.21 and its 200 day simple moving average is $37.49. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $75.96. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. DA Davidson raised their target price on shares of Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Arete began coverage on shares of Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price on the stock. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $70.80.

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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