Tekne Capital Management LLC Acquires Shares of 375,000 Nebius Group N.V. $NBIS

Key Points

• Tekne Capital Management LLC has acquired 375,000 shares of Nebius Group N.V. valued at approximately $7.9 million, making it the 6th largest holding in their investment portfolio.
• The company reported a quarterly loss of ($0.44) EPS, missing consensus estimates, while revenue came in significantly below expectations at $47.6 million.
• Nebius Group has received several positive ratings from analysts, with a consensus rating of "Buy" and a price target averaging $70.80.

Tekne Capital Management LLC bought a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 375,000 shares of the company's stock, valued at approximately $7,916,000. Nebius Group comprises about 3.0% of Tekne Capital Management LLC's investment portfolio, making the stock its 6th biggest holding. Tekne Capital Management LLC owned approximately 0.16% of Nebius Group at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. IFP Advisors Inc purchased a new stake in Nebius Group in the 1st quarter worth about $25,000. Banque Cantonale Vaudoise purchased a new stake in Nebius Group in the 1st quarter worth about $33,000. First Horizon Advisors Inc. purchased a new stake in Nebius Group in the 1st quarter worth about $33,000. Manchester Capital Management LLC purchased a new stake in Nebius Group in the 1st quarter worth about $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in Nebius Group in the 1st quarter worth about $36,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Price Performance

Shares of Nebius Group stock opened at $70.10 on Thursday. 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 N.V. has a one year low of $14.09 and a one year high of $75.96. The stock has a market capitalization of $16.53 billion, a P/E ratio of -122.98 and a beta of 3.36. The business's 50 day simple moving average is $56.56 and its two-hundred day simple moving average is $40.52.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The firm had revenue of $47.60 million during the quarter, compared to analysts' expectations of $95.60 million. Analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current year.

Wall Street Analyst Weigh In

NBIS has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on Nebius Group in a report on Monday, July 14th. They issued a "buy" rating and a $68.00 price objective for the company. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. BWS Financial boosted their target price on Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. DA Davidson boosted their target price on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Arete initiated coverage on Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat.com, Nebius Group has a consensus rating of "Buy" and a consensus price target of $70.80.

Nebius Group Company 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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