Public Sector Pension Investment Board Takes $5.91 Million Position in Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• The Public Sector Pension Investment Board has acquired a new stake in Nebius Group N.V., purchasing 280,159 shares valued at approximately $5.91 million, representing a 0.12% ownership in the company.
• Nebius Group reported a quarterly revenue increase of 385% year-over-year, despite posting a loss of ($0.48) earnings per share.
• Analysts have positive sentiments about Nebius Group, with several issuing "buy" ratings and setting an average price target of $70.80 for the stock.

Public Sector Pension Investment Board bought a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 280,159 shares of the company's stock, valued at approximately $5,914,000. Public Sector Pension Investment Board owned 0.12% of Nebius Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NBIS. PFG Investments LLC acquired a new stake in Nebius Group during the first quarter worth approximately $860,000. SeaCrest Wealth Management LLC acquired a new position in Nebius Group during the first quarter worth approximately $453,000. DekaBank Deutsche Girozentrale acquired a new position in Nebius Group during the first quarter worth approximately $8,519,000. Colonial River Investments LLC acquired a new position in Nebius Group during the first quarter worth approximately $330,000. Finally, Vontobel Holding Ltd. acquired a new position in Nebius Group during the first quarter worth approximately $937,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Nebius Group Price Performance

NASDAQ:NBIS traded up $3.16 during trading hours on Friday, hitting $71.62. The company's stock had a trading volume of 9,205,816 shares, compared to its average volume of 13,969,128. The business's 50-day moving average is $53.50 and its two-hundred day moving average is $38.62. The company has a market capitalization of $16.88 billion, a PE ratio of -125.65 and a beta of 3.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. Nebius Group N.V. has a 52-week low of $14.09 and a 52-week high of $75.96.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share for the quarter. The business had revenue of $55.30 million during the quarter. Nebius Group's quarterly revenue was up 385 compared to the same quarter last year. During the same period last year, the business earned ($0.25) EPS. As a group, research analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Arete assumed coverage on Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price target on the stock. BWS Financial lifted their price target on Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. DA Davidson boosted their target price on Nebius Group from $55.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Northland Securities set a $47.00 price target on Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus 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.