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

Scientech Research LLC acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 41,172 shares of the company's stock, valued at approximately $869,000.

Several other hedge funds and other institutional investors have also modified their holdings of NBIS. IFP Advisors Inc bought a new position in Nebius Group during the first quarter valued at about $25,000. First Horizon Advisors Inc. bought a new position in Nebius Group during the first quarter valued at about $33,000. Banque Cantonale Vaudoise bought a new position in Nebius Group during the first quarter valued at about $33,000. Manchester Capital Management LLC bought a new position in Nebius Group during the first quarter valued at about $34,000. Finally, Whipplewood Advisors LLC bought a new position in Nebius Group during the first quarter valued at about $36,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Nebius Group Trading Up 0.9%

Shares of NBIS opened at $65.47 on Monday. Nebius Group N.V. has a 1 year low of $14.09 and a 1 year high of $75.96. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The stock has a 50 day simple moving average of $59.01 and a 200-day simple moving average of $41.64. The stock has a market cap of $15.43 billion, a PE ratio of -114.86 and a beta of 3.55.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its earnings results on Tuesday, September 9th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.03). The firm had revenue of $47.60 million during the quarter, compared to analyst estimates of $95.60 million. On average, sell-side analysts predict that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NBIS. DA Davidson boosted their price target on Nebius Group from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. BWS Financial boosted their price target on Nebius Group from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Wall Street Zen cut shares of Nebius Group from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, The Goldman Sachs Group started coverage on shares of Nebius Group in a research note on Monday, July 14th. They issued a "buy" rating and a $68.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $70.80.

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.

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