Raiffeisen Bank International AG Makes New Investment in Nebius Group N.V. (NASDAQ:NBIS)

Raiffeisen Bank International AG purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 38,440 shares of the company's stock, valued at approximately $811,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new stake in shares of Nebius Group in the first quarter worth $25,000. Banque Cantonale Vaudoise acquired a new stake in shares of Nebius Group in the first quarter worth $33,000. First Horizon Advisors Inc. acquired a new stake in shares of Nebius Group in the first quarter worth $33,000. Manchester Capital Management LLC acquired a new stake in shares of Nebius Group in the first quarter worth $34,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Nebius Group in the first quarter worth $36,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NBIS shares. DA Davidson boosted their target price on shares of Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Wall Street Zen cut shares of Nebius Group from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Arete initiated coverage on shares of Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $66.80.

Nebius Group Price Performance

NASDAQ:NBIS opened at $54.17 on Tuesday. Nebius Group N.V. has a 12-month low of $14.09 and a 12-month high of $58.16. The firm has a market capitalization of $12.77 billion, a P/E ratio of -95.04 and a beta of 3.36. The business has a 50 day simple moving average of $48.72 and a 200 day simple moving average of $36.65.

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

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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