StoneCrest Wealth Management Inc. Purchases New Holdings in Nebius Group N.V. $NBIS

Key Points

• StoneCrest Wealth Management Inc. acquired a new stake in Nebius Group N.V., purchasing 4,346 shares valued at approximately $240,000 during the second quarter.
• Nebius Group has received mixed ratings from analysts, with one downgrade to "sell" and upgrades to "buy" and "strong-buy," contributing to an average rating of "Buy" and a price target of $91.20.
• The company reported better-than-expected earnings with a revenue of $105.10 million for the last quarter, surpassing analysts' consensus estimates of $95.60 million.

StoneCrest Wealth Management Inc. purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,346 shares of the company's stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc bought a new position in Nebius Group during the first quarter valued at about $25,000. SJS Investment Consulting Inc. bought a new position in Nebius Group during the second quarter valued at about $31,000. 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. Finally, Manchester Capital Management LLC bought a new position in Nebius Group during the first quarter valued at about $34,000. 21.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NBIS has been the topic of a number of recent research reports. Wall Street Zen downgraded Nebius Group from a "hold" rating to a "sell" rating in a report on Monday. Seaport Res Ptn raised Nebius Group to a "hold" rating in a report on Monday, September 15th. DA Davidson reaffirmed a "buy" rating and set a $75.00 price objective on shares of Nebius Group in a report on Tuesday, September 9th. BWS Financial lifted their price objective on Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Finally, Arete Research raised Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Two research 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $91.20.

Nebius Group Stock Performance

NBIS stock opened at $107.80 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. The company has a 50 day moving average price of $69.45 and a 200 day moving average price of $46.64. Nebius Group N.V. has a fifty-two week low of $14.09 and a fifty-two week high of $109.98. The stock has a market capitalization of $25.41 billion, a PE ratio of -189.12 and a beta of 3.55.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.03. The business had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. Analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.