Zevenbergen Capital Investments LLC Purchases Shares of 63,050 Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• Zevenbergen Capital Investments LLC has acquired 63,050 shares of Nebius Group N.V., valued at approximately $1.33 million, as part of a growing interest from institutional investors in the company.
• Analysts are optimistic about Nebius Group, with a consensus rating of "Buy" and a price target of $70.80, indicating potential for significant growth.
• Nebius Group reported a revenue increase of 385% year-over-year, despite posting a negative earnings per share of ($0.48) for its latest quarter.

Zevenbergen Capital Investments LLC bought a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 63,050 shares of the company's stock, valued at approximately $1,331,000.

Several other institutional investors have also added to or reduced their stakes in NBIS. Invesco Ltd. purchased a new stake in Nebius Group during the 1st quarter valued at $73,782,000. WCM Investment Management LLC bought a new stake in shares of Nebius Group in the first quarter worth $11,998,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Nebius Group in the first quarter worth $8,519,000. Centaurus Financial Inc. bought a new stake in shares of Nebius Group in the fourth quarter worth $9,505,000. Finally, Howland Capital Management LLC bought a new stake in shares of Nebius Group in the first quarter worth $4,856,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Nebius Group Stock Performance

Nebius Group stock traded up $3.47 during trading on Friday, reaching $68.78. The company had a trading volume of 18,367,305 shares, compared to its average volume of 13,734,712. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $71.49. The firm's 50-day simple moving average is $50.52 and its 200 day simple moving average is $37.29. The firm has a market capitalization of $16.21 billion, a price-to-earnings ratio of -120.67 and a beta of 3.36. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The company had revenue of $55.30 million during the quarter. During the same period in the previous year, the company posted ($0.25) EPS. The company's revenue was up 385 compared to the same quarter last year. Sell-side analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on NBIS shares. BWS Financial lifted their price objective on Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Friday. Northland Capmk raised Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Arete Research raised Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Arete started coverage on Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective for the company. Finally, Northland Securities set a $47.00 price objective on Nebius Group and gave the stock an "outperform" rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently 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.