Stratos Wealth Partners LTD. Invests $212,000 in Nebius Group N.V. $NBIS

Stratos Wealth Partners LTD. acquired a new position in Nebius Group N.V. (NASDAQ:NBIS) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,840 shares of the company’s stock, valued at approximately $212,000.

A number of other large investors also recently modified their holdings of NBIS. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Nebius Group during the 1st quarter valued at about $208,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Nebius Group during the 1st quarter valued at about $220,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of Nebius Group during the 1st quarter valued at about $57,000. Perpetual Ltd purchased a new stake in shares of Nebius Group during the 1st quarter valued at about $362,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Nebius Group during the 1st quarter valued at about $1,247,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NBIS shares. BWS Financial raised their target price on Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Seaport Res Ptn upgraded Nebius Group to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings restated a “hold (c)” rating on shares of Nebius Group in a research note on Tuesday, October 14th. DA Davidson restated a “buy” rating and set a $75.00 price objective on shares of Nebius Group in a research note on Tuesday, September 9th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Nebius Group currently has an average rating of “Buy” and an average target price of $91.20.

Nebius Group Trading Up 10.5%

Shares of NBIS opened at $117.26 on Monday. The stock has a 50 day moving average of $96.95 and a 200-day moving average of $61.76. 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 N.V. has a 52 week low of $17.27 and a 52 week high of $141.10.

Nebius Group (NASDAQ:NBIS) last issued its earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.03. The company had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%. As a group, sell-side analysts expect 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.