SBI Securities Co. Ltd. Purchases New Stake in Nebius Group N.V. (NASDAQ:NBIS)

SBI Securities Co. Ltd. acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 59,520 shares of the company's stock, valued at approximately $1,256,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new stake in Nebius Group in the 1st quarter valued at $33,000. Whipplewood Advisors LLC purchased a new stake in Nebius Group in the 1st quarter valued at $36,000. Allworth Financial LP purchased a new stake in Nebius Group in the 1st quarter valued at $44,000. Ulland Investment Advisors LLC purchased a new stake in Nebius Group in the 1st quarter valued at $53,000. Finally, Creative Financial Designs Inc. ADV purchased a new stake in Nebius Group in the 1st quarter valued at $57,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NBIS shares. Arete started coverage on Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price for the company. Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Northland Securities set a $47.00 target price on Nebius Group and gave the company an "outperform" rating in a report on Wednesday, May 21st. BWS Financial increased their price target on Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Arete Research raised Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $66.80.

Nebius Group Price Performance

Shares of NBIS traded down $1.51 during mid-day trading on Friday, reaching $52.18. 7,832,499 shares of the company's stock were exchanged, compared to its average volume of 11,308,876. The stock has a market capitalization of $12.30 billion, a PE ratio of -91.51 and a beta of 3.25. The business's fifty day simple moving average is $44.92 and its 200-day simple moving average is $34.98. Nebius Group N.V. has a 52-week low of $14.09 and a 52-week high of $56.16.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced 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. During the same period in the prior year, the company posted ($0.25) EPS. The firm's revenue for the quarter was up 385 on a year-over-year basis. Equities research analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current 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.