Wealth Enhancement Advisory Services LLC Makes New Investment in Nebius Group N.V. $NBIS

Wealth Enhancement Advisory Services LLC purchased a new position in Nebius Group N.V. (NASDAQ:NBIS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,649 shares of the company’s stock, valued at approximately $479,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Scientech Research LLC acquired a new position in Nebius Group in the first quarter worth approximately $869,000. PFG Investments LLC purchased a new position in Nebius Group during the 1st quarter worth approximately $860,000. SeaCrest Wealth Management LLC purchased a new position in Nebius Group during the 1st quarter worth approximately $453,000. DekaBank Deutsche Girozentrale purchased a new position in Nebius Group during the 1st quarter worth approximately $8,519,000. Finally, Colonial River Investments LLC purchased a new position in Nebius Group during the 1st quarter worth approximately $330,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nebius Group in a research report on Saturday, September 27th. DA Davidson reiterated a “buy” rating and set a $75.00 price objective on shares of Nebius Group in a research report on Tuesday, September 9th. The Goldman Sachs Group reiterated a “buy” rating and set a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. Seaport Res Ptn upgraded shares of Nebius Group to a “hold” rating in a research report on Monday, September 15th. Finally, Wall Street Zen upgraded shares of Nebius Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $91.20.

Nebius Group Stock Performance

NASDAQ:NBIS opened at $127.98 on Monday. The firm’s 50-day moving average is $79.50 and its 200-day moving average is $51.71. Nebius Group N.V. has a 52-week low of $14.09 and a 52-week high of $132.98. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The company has a market cap of $30.17 billion, a price-to-earnings ratio of -224.53 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.03. The company had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. Equities research analysts anticipate that Nebius Group N.V. will post -1.1 earnings per share for the current year.

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.