Nebius Group N.V. $NBIS Stock Position Lifted by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its stake in Nebius Group N.V. (NASDAQ:NBIS) by 4.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,005 shares of the company’s stock after buying an additional 326 shares during the quarter. Farther Finance Advisors LLC’s holdings in Nebius Group were worth $388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. IFP Advisors Inc purchased a new stake in shares of Nebius Group during the first quarter worth $25,000. First Horizon Advisors Inc. purchased a new position in Nebius Group in the first quarter valued at about $33,000. Banque Cantonale Vaudoise acquired a new position in Nebius Group in the 1st quarter worth about $33,000. Manchester Capital Management LLC purchased a new stake in shares of Nebius Group during the 1st quarter worth about $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Nebius Group during the 1st quarter worth about $36,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NBIS has been the subject of several recent research reports. The Goldman Sachs Group reissued a “buy” rating and issued a $120.00 price target on shares of Nebius Group in a research note on Wednesday, September 17th. DA Davidson reissued a “buy” rating and issued a $75.00 target price on shares of Nebius Group in a research report on Tuesday, September 9th. Seaport Res Ptn upgraded shares of Nebius Group to a “hold” rating in a research note on Monday, September 15th. Arete Research raised shares of Nebius Group to a “strong-buy” rating in a research note on Thursday, June 5th. Finally, 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 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $91.20.

Nebius Group Stock Down 0.2%

Shares of Nebius Group stock opened at $107.70 on Monday. The stock has a market capitalization of $25.39 billion, a P/E ratio of -188.95 and a beta of 3.55. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average price of $72.84 and a two-hundred day moving average price of $48.52. Nebius Group N.V. has a 12-month low of $14.09 and a 12-month high of $114.85.

Nebius Group (NASDAQ:NBIS) last announced its earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.03. The firm had revenue of $105.10 million during the quarter, compared to analysts’ expectations of $95.60 million. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%. Equities analysts expect that Nebius Group N.V. will post -1.1 earnings per share 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.