Siren L.L.C. Buys New Position in Nebius Group N.V. $NBIS

Key Points

• Siren L.L.C. has acquired a new stake in Nebius Group N.V., purchasing 140,000 shares valued at approximately $2.95 million, resulting in a 0.06% ownership as per their latest 13F filing.
• Several other institutional investors also participated in buying shares of Nebius Group, with notable purchases including Fred Alger Management LLC investing about $67.43 million in the first quarter.
• Wall Street analysts have a consensus rating of "Buy" for Nebius Group, with target prices ranging from $47.00 to $130.00, reflecting diverse sentiments around the stock's potential.

Siren L.L.C. purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 140,000 shares of the company's stock, valued at approximately $2,955,000. Siren L.L.C. owned approximately 0.06% of Nebius Group as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NBIS. Orbis Allan Gray Ltd purchased a new stake in Nebius Group during the 1st quarter worth approximately $331,474,000. Accel Leaders 4 Associates L.P. purchased a new stake in Nebius Group during the 1st quarter worth approximately $96,704,000. Invesco Ltd. purchased a new stake in Nebius Group during the 1st quarter worth approximately $73,782,000. Fred Alger Management LLC purchased a new stake in Nebius Group during the 1st quarter worth approximately $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in Nebius Group during the 1st quarter worth approximately $46,822,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on NBIS. 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. Wall Street Zen downgraded Nebius Group from a "hold" rating to a "sell" rating in a report on Saturday, September 6th. BWS Financial boosted their price target on Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday. The Goldman Sachs Group began coverage on Nebius Group in a report on Monday, July 14th. They issued a "buy" rating and a $68.00 price target for the company. Finally, DA Davidson reiterated a "buy" rating and issued a $75.00 price target on shares of Nebius Group in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $80.80.

Nebius Group Stock Performance

NBIS traded up $1.22 during trading on Friday, reaching $90.41. 22,787,194 shares of the company were exchanged, compared to its average volume of 16,196,709. The stock has a market cap of $21.31 billion, a P/E ratio of -158.61 and a beta of 3.55. The firm has a 50 day moving average of $62.55 and a 200 day moving average of $43.29. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. 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 earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.41) by $0.03. The company had revenue of $105.10 million during the quarter, compared to the consensus estimate of $95.60 million. On average, sell-side analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current fiscal 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.