Cambridge Investment Research Advisors Inc. Purchases Shares of 9,874 Nebius Group N.V. (NASDAQ:NBIS)

Cambridge Investment Research Advisors Inc. purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,874 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Whipplewood Advisors LLC acquired a new stake in Nebius Group during the 1st quarter worth $36,000. Ulland Investment Advisors LLC acquired a new stake in shares of Nebius Group during the first quarter worth about $53,000. GAMMA Investing LLC purchased a new stake in shares of Nebius Group in the 1st quarter valued at about $80,000. Fifth Third Bancorp purchased a new stake in shares of Nebius Group in the 1st quarter valued at about $130,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Nebius Group in the 1st quarter valued at about $152,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Nebius Group Trading Up 17.3%

NASDAQ:NBIS opened at $51.95 on Tuesday. Nebius Group N.V. has a 12-month low of $14.09 and a 12-month high of $55.75. The stock’s 50 day simple moving average is $42.76 and its 200-day simple moving average is $34.36. The firm has a market cap of $12.25 billion, a P/E ratio of -91.14 and a beta of 3.25.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The business had revenue of $55.30 million for the quarter. The firm’s quarterly revenue was up 385 on a year-over-year basis. During the same period in the previous year, the company posted ($0.25) EPS. 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 several research analyst reports. BWS Financial lifted their price target on Nebius Group from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the stock an “outperform” rating in a research report on Wednesday, May 21st. Arete initiated coverage on shares of Nebius Group in a report on Thursday, June 5th. They issued a “buy” rating and a $84.00 target price on the stock. Northland Capmk upgraded shares of Nebius Group to a “strong-buy” rating in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group started coverage on shares of Nebius Group in a research report on Monday. They set a “buy” rating and a $68.00 price objective on the stock. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Nebius Group has an average rating of “Buy” and an average price target of $66.80.

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.