Allworth Financial LP Takes Position in Nebius Group N.V. (NASDAQ:NBIS)

Allworth Financial LP acquired a new position in Nebius Group N.V. (NASDAQ:NBIS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,106 shares of the company’s stock, valued at approximately $44,000.

Several other large investors have also recently modified their holdings of NBIS. First Horizon Advisors Inc. purchased a new position in Nebius Group in the first quarter worth $33,000. Whipplewood Advisors LLC acquired a new stake in shares of Nebius Group in the 1st quarter worth $36,000. Ulland Investment Advisors LLC purchased a new position in Nebius Group during the 1st quarter worth $53,000. Creative Financial Designs Inc. ADV acquired a new position in Nebius Group during the 1st quarter valued at about $57,000. Finally, GAMMA Investing LLC purchased a new stake in Nebius Group in the first quarter valued at about $80,000. Institutional investors own 21.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. BWS Financial upped their price objective on shares of Nebius Group from $60.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. DA Davidson lifted their price objective on shares of Nebius Group from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, June 16th. The Goldman Sachs Group initiated coverage on shares of Nebius Group in a report on Monday, July 14th. They set a “buy” rating and a $68.00 price objective on the stock. Northland Capmk upgraded Nebius Group to a “strong-buy” rating in a research note on Tuesday, May 6th. Finally, Northland Securities set a $47.00 price target on Nebius Group and gave the stock an “outperform” rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $66.80.

Nebius Group Trading Down 1.7%

Shares of NASDAQ NBIS opened at $52.79 on Friday. The company has a 50 day simple moving average of $45.41 and a two-hundred day simple moving average of $35.15. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of -92.61 and a beta of 3.25. Nebius Group N.V. has a 12 month low of $14.09 and a 12 month high of $56.16.

Nebius Group (NASDAQ:NBIS) last issued its earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The company had revenue of $55.30 million for the quarter. The company’s quarterly revenue was up 385 on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.25) earnings per share. Analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current year.

Nebius Group Company 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.