Thornburg Investment Management Inc. bought a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 103,823 shares of the company's stock, valued at approximately $2,192,000.
Several other institutional investors also recently modified their holdings of NBIS. IFP Advisors Inc acquired a new position in shares of Nebius Group in the 1st quarter valued at $25,000. First Horizon Advisors Inc. acquired a new position in Nebius Group in the first quarter valued at about $33,000. Banque Cantonale Vaudoise bought a new stake in shares of Nebius Group in the first quarter worth about $33,000. Whipplewood Advisors LLC bought a new position in shares of Nebius Group during the 1st quarter valued at about $36,000. Finally, Larson Financial Group LLC acquired a new position in shares of Nebius Group in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 21.90% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on NBIS shares. The Goldman Sachs Group started coverage on Nebius Group in a report on Monday, July 14th. They set a "buy" rating and a $68.00 target price for the company. Arete began coverage on Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price on the stock. Northland Securities set a $47.00 target price on Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. BWS Financial raised their price target on shares of Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $66.80.
Check Out Our Latest Research Report on Nebius Group
Nebius Group Trading Up 1.8%
NASDAQ NBIS traded up $0.89 during midday trading on Wednesday, hitting $51.29. The company had a trading volume of 7,631,635 shares, compared to its average volume of 10,156,438. The company has a market capitalization of $12.09 billion, a PE ratio of -89.98 and a beta of 3.25. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $58.16. The firm has a 50-day moving average price of $47.56 and a 200-day moving average price of $36.19.
Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share for the quarter. The firm had revenue of $55.30 million for the quarter. The company's quarterly revenue was up 385 on a year-over-year basis. During the same period in the prior year, the company posted ($0.25) EPS. On average, equities analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current year.
About Nebius Group
(
Free Report)
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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