SeaCrest Wealth Management LLC Acquires 12,443 Shares of Nebius Group N.V. $NBIS

Key Points

• SeaCrest Wealth Management LLC increased its stake in Nebius Group N.V. by 58.0% during the 2nd quarter, now holding shares valued at $1.88 million.
• The company's stock shows significant volatility with a 1 year low of $14.09 and a 1 year high of $100.51, indicating potential investment risks and rewards.
• Nebius Group reported a quarterly revenue of $105.10 million, exceeding estimates and showcasing its growth potential in the AI technology sector.

SeaCrest Wealth Management LLC grew its stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 58.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,893 shares of the company's stock after acquiring an additional 12,443 shares during the period. SeaCrest Wealth Management LLC's holdings in Nebius Group were worth $1,875,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Nebius Group during the 2nd quarter valued at $40,000. Wealth Enhancement Advisory Services LLC bought a new stake in Nebius Group in the second quarter worth $479,000. High Net Worth Advisory Group LLC bought a new stake in Nebius Group in the second quarter worth $221,000. Westbourne Investments Inc. bought a new stake in Nebius Group in the second quarter worth $1,719,000. Finally, Lbmc Investment Advisors LLC bought a new stake in Nebius Group in the second quarter worth $398,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Nebius Group Stock Up 0.2%

NBIS stock traded up $0.21 during midday trading on Tuesday, hitting $106.81. The company's stock had a trading volume of 9,120,760 shares, compared to its average volume of 13,674,821. The company's fifty day moving average price is $68.37 and its 200 day moving average price is $46.21. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $109.98. The stock has a market capitalization of $25.18 billion, a P/E ratio of -187.66 and a beta of 3.55. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a report on Monday, September 15th. Arete started coverage on shares of Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price objective for the company. Finally, Wall Street Zen lowered shares of Nebius Group from a "hold" rating to a "sell" rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Nebius Group has a consensus rating of "Buy" and a consensus price target of $91.20.

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.