United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 58,746 shares of the company's stock, valued at approximately $1,240,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in NBIS. IFP Advisors Inc acquired a new position in shares of Nebius Group in the 1st quarter valued at $25,000. Banque Cantonale Vaudoise purchased a new stake in Nebius Group during the 1st quarter valued at about $33,000. First Horizon Advisors Inc. acquired a new position in shares of Nebius Group in the first quarter valued at about $33,000. Whipplewood Advisors LLC acquired a new position in shares of Nebius Group in the first quarter valued at about $36,000. Finally, Larson Financial Group LLC purchased a new position in shares of Nebius Group in the first quarter worth about $41,000. Hedge funds and other institutional investors own 21.90% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. DA Davidson increased their price target on shares of Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Arete started coverage on Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price target on the stock. Finally, 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. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $66.80.
Get Our Latest Analysis on NBIS
Nebius Group Price Performance
Shares of NBIS stock opened at $52.00 on Friday. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $58.16. The company has a market cap of $12.26 billion, a price-to-earnings ratio of -91.23 and a beta of 3.36. The stock has a 50 day simple moving average of $48.41 and a 200-day simple moving average of $36.53.
Nebius Group (NASDAQ:NBIS - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The firm had revenue of $55.30 million for the quarter. During the same quarter in the previous year, the company earned ($0.25) earnings per share. The firm's quarterly revenue was up 385 compared to the same quarter last year. Analysts anticipate that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal 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.
Further Reading
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