SeaCrest Wealth Management LLC Acquires Shares of 21,450 Nebius Group N.V. (NASDAQ:NBIS)

SeaCrest Wealth Management LLC acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 21,450 shares of the company's stock, valued at approximately $453,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new position in shares of Nebius Group in the first quarter valued at approximately $36,000. GAMMA Investing LLC acquired a new position in shares of Nebius Group in the first quarter valued at approximately $80,000. Intellectus Partners LLC acquired a new position in shares of Nebius Group in the first quarter valued at approximately $570,000. Finally, Centaurus Financial Inc. acquired a new position in shares of Nebius Group in the fourth quarter valued at approximately $9,505,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Price Performance

Shares of NBIS stock opened at $48.28 on Friday. The business's fifty day moving average price is $29.21 and its 200 day moving average price is $30.60. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $50.87. The firm has a market capitalization of $11.38 billion, a PE ratio of -84.70 and a beta of 3.25.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NBIS. BWS Financial reissued a "buy" rating and issued a $60.00 target price on shares of Nebius Group in a report on Wednesday, May 21st. Northland Capmk raised Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Arete Research raised Nebius Group to a "strong-buy" rating in a report on Thursday. DA Davidson set a $45.00 price objective on Nebius Group and gave the stock a "buy" rating in a report on Monday, May 19th. Finally, Northland Securities set a $47.00 price objective on Nebius Group and gave the stock an "outperform" rating in a report on Wednesday, May 21st. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $59.00.

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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