Private Trust Co. NA Acquires New Position in Nebius Group N.V. $NBIS

Key Points

• Private Trust Co. NA acquired a new position in Nebius Group N.V., purchasing 20,542 shares worth approximately $1,137,000 in the second quarter.
• Analysts have mixed opinions on Nebius Group, with a consensus rating of "Buy" and an average price target of $91.20 among multiple research reports.
• Nebius Group reported a quarterly revenue of $105.10 million and a net margin of 99.34%, beating analysts' expectations for the period.

Private Trust Co. NA bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,542 shares of the company's stock, valued at approximately $1,137,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NBIS. IFP Advisors Inc bought a new position in shares of Nebius Group in the 1st quarter worth $25,000. Signaturefd LLC lifted its stake in Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company's stock valued at $25,000 after buying an additional 250 shares during the period. SJS Investment Consulting Inc. bought a new position in Nebius Group during the second quarter worth about $31,000. First Horizon Advisors Inc. acquired a new position in shares of Nebius Group during the 1st quarter worth about $33,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Nebius Group in the 1st quarter valued at about $33,000. Institutional investors own 21.90% of the company's stock.

Wall Street Analyst Weigh In

NBIS has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a "buy" rating and set a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. Wall Street Zen raised shares of Nebius Group from a "sell" rating to a "hold" rating in a research report on Tuesday, September 30th. Weiss Ratings restated a "hold (c)" rating on shares of Nebius Group in a research report on Tuesday. Seaport Res Ptn upgraded Nebius Group to a "hold" rating in a report on Monday, September 15th. Finally, DA Davidson reissued a "buy" rating and issued a $75.00 target price on shares of Nebius Group in a research note on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Nebius Group has a consensus rating of "Buy" and an average price target of $91.20.

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $113.44 on Friday. The company has a fifty day moving average price of $93.37 and a 200 day moving average price of $58.26. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $141.10. The firm has a market cap of $26.74 billion, a PE ratio of -199.02 and a beta of 3.45. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.03. The company had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%. Research analysts predict that Nebius Group N.V. will post -1.1 earnings per share 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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