Pinnacle Associates Ltd. acquired a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 191,451 shares of the company's stock, valued at approximately $4,042,000. Pinnacle Associates Ltd. owned approximately 0.08% of Nebius Group as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of NBIS. IFP Advisors Inc acquired a new stake in shares of Nebius Group in the 1st quarter valued at $25,000. First Horizon Advisors Inc. acquired a new stake in shares of Nebius Group in the 1st quarter valued at $33,000. Whipplewood Advisors LLC acquired a new stake in shares of Nebius Group in the 1st quarter valued at $36,000. Larson Financial Group LLC acquired a new stake in shares of Nebius Group in the 1st quarter valued at $41,000. Finally, Allworth Financial LP acquired a new stake in shares of Nebius Group in the 1st quarter valued at $44,000. Institutional investors and hedge funds own 21.90% of the company's stock.
Analyst Ratings Changes
NBIS has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on shares of Nebius Group in a research note on Monday, July 14th. They issued a "buy" rating and a $68.00 price objective for the company. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Arete began coverage on shares of Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective for the company. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Finally, Wall Street Zen cut shares of Nebius Group from a "hold" rating to a "sell" rating in a report on Friday, July 18th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $66.80.
View Our Latest Research Report on NBIS
Nebius Group Trading Down 1.5%
Shares of Nebius Group stock opened at $51.37 on Friday. The company's fifty day simple moving average is $47.03 and its 200-day simple moving average is $35.89. The company has a market cap of $12.11 billion, a price-to-earnings ratio of -90.12 and a beta of 3.25. Nebius Group N.V. has a 1 year low of $14.09 and a 1 year high of $58.16.
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 firm had revenue of $55.30 million for the quarter. The business's quarterly revenue was up 385 on a year-over-year basis. During the same period in the prior year, the business earned ($0.25) EPS. As a group, research analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.
Nebius Group Profile
(
Free Report)
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.
Further Reading
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