Two Seas Capital LP Acquires New Holdings in Nebius Group N.V. $NBIS

Key Points

• Two Seas Capital LP has acquired a new stake in Nebius Group N.V., purchasing 150,000 shares valued at approximately $3.17 million, marking it as the fund's 19th largest position.
• Nebius Group reported a loss of ($0.44) EPS for the last quarter, missing analyst expectations of ($0.41), with revenue significantly below estimates at $47.6 million versus $95.6 million.
• Analysts have varied opinions on Nebius Group, with some upgrading it to a "strong-buy" rating, while others lowered their ratings, leading to a consensus average rating of "Buy".

Two Seas Capital LP acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 150,000 shares of the company's stock, valued at approximately $3,166,000. Nebius Group accounts for about 0.1% of Two Seas Capital LP's holdings, making the stock its 19th largest position. Two Seas Capital LP owned approximately 0.06% of Nebius Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. IFP Advisors Inc purchased a new stake in Nebius Group during the first quarter worth about $25,000. Banque Cantonale Vaudoise purchased a new stake in Nebius Group during the first quarter worth about $33,000. First Horizon Advisors Inc. purchased a new stake in Nebius Group during the first quarter worth about $33,000. Manchester Capital Management LLC purchased a new stake in Nebius Group during the first quarter worth about $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in Nebius Group during the first quarter worth about $36,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Nebius Group Stock Performance

Shares of Nebius Group stock opened at $65.47 on Friday. Nebius Group N.V. has a one year low of $14.09 and a one year high of $75.96. The company has a market cap of $15.43 billion, a PE ratio of -114.86 and a beta of 3.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The business has a 50-day simple moving average of $59.01 and a 200-day simple moving average of $41.67.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The company reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.03). The firm had revenue of $47.60 million during the quarter, compared to analyst estimates of $95.60 million. On average, equities research analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Analyst Ratings Changes

NBIS has been the topic of a number of recent research reports. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Wall Street Zen lowered shares of Nebius Group from a "hold" rating to a "sell" rating in a research note on Saturday. The Goldman Sachs Group started coverage on shares of Nebius Group in a research note on Monday, July 14th. They set a "buy" rating and a $68.00 price target on the stock. BWS Financial boosted their price objective on Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, DA Davidson boosted their price objective on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, Nebius Group has an average rating of "Buy" and a consensus target price of $70.80.

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.

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