West Oak Capital LLC Takes Position in Nebius Group N.V. (NASDAQ:NBIS)

West Oak Capital LLC bought a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,732 shares of the company's stock, valued at approximately $501,000.

Other hedge funds have also added to or reduced their stakes in the company. Centaurus Financial Inc. acquired a new stake in shares of Nebius Group during the 4th quarter worth about $9,505,000. SG Americas Securities LLC acquired a new stake in Nebius Group during the first quarter worth approximately $3,415,000. TB Alternative Assets Ltd. acquired a new stake in Nebius Group during the first quarter worth approximately $2,957,000. Intellectus Partners LLC acquired a new stake in Nebius Group during the first quarter worth approximately $570,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in Nebius Group during the first quarter worth approximately $453,000. Institutional investors own 21.90% of the company's stock.

Nebius Group Stock Performance

Shares of NASDAQ NBIS traded down $3.05 during trading on Friday, hitting $47.23. 12,572,185 shares of the company traded hands, compared to its average volume of 12,984,404. The business's fifty day moving average is $31.58 and its 200 day moving average is $31.33. Nebius Group N.V. has a fifty-two week low of $14.09 and a fifty-two week high of $55.04. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of -82.85 and a beta of 3.25.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NBIS. BWS Financial raised their price objective on shares of Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday. Arete began coverage on shares of Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price objective for the company. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Northland Securities set a $47.00 price target on shares of Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Finally, DA Davidson set a $45.00 price objective on shares of Nebius Group and gave the company a "buy" rating in a research note on Monday, May 19th. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $64.00.

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.