Scientech Research LLC Acquires Shares of 41,172 Nebius Group N.V. $NBIS

Scientech Research LLC purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 41,172 shares of the company's stock, valued at approximately $869,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. IFP Advisors Inc acquired a new position in shares of Nebius Group in the 1st quarter valued at $25,000. Banque Cantonale Vaudoise acquired a new stake in Nebius Group during the 1st quarter worth about $33,000. First Horizon Advisors Inc. purchased a new stake in Nebius Group during the 1st quarter valued at about $33,000. Manchester Capital Management LLC acquired a new position in shares of Nebius Group in the first quarter valued at about $34,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Nebius Group in the first quarter valued at about $36,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Nebius Group Stock Performance

Shares of NASDAQ:NBIS traded down $4.20 during trading on Thursday, hitting $89.19. 37,482,606 shares of the stock traded hands, compared to its average volume of 14,973,378. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The company has a market cap of $21.03 billion, a price-to-earnings ratio of -156.47 and a beta of 3.55. The company has a fifty day moving average price of $61.75 and a two-hundred day moving average price of $42.90. Nebius Group N.V. has a 52-week low of $14.09 and a 52-week high of $100.51.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.03. The firm had revenue of $105.10 million for the quarter, compared to analysts' expectations of $95.60 million. As a group, equities analysts predict that Nebius Group N.V. will post -1.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Arete started coverage on Nebius Group in a report on Thursday, June 5th. They set a "buy" rating and a $84.00 target price for the company. Wall Street Zen lowered shares of Nebius Group from a "hold" rating to a "sell" rating in a research report on Saturday, September 6th. DA Davidson reaffirmed a "buy" rating and issued a $75.00 price objective on shares of Nebius Group in a report on Tuesday. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Finally, The Goldman Sachs Group assumed coverage on shares of Nebius Group in a report on Monday, July 14th. They set a "buy" rating and a $68.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $80.80.

Nebius Group 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.