Cwm LLC Buys 591 Shares of Nebius Group N.V. $NBIS

Cwm LLC boosted its stake in Nebius Group N.V. (NASDAQ:NBIS) by 93.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,221 shares of the company’s stock after purchasing an additional 591 shares during the period. Cwm LLC’s holdings in Nebius Group were worth $68,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NBIS. Cambridge Investment Research Advisors Inc. bought a new position in Nebius Group in the first quarter valued at about $208,000. First Horizon Advisors Inc. acquired a new position in shares of Nebius Group in the first quarter valued at approximately $33,000. Bank of New York Mellon Corp bought a new position in Nebius Group in the 1st quarter valued at approximately $462,000. Concurrent Investment Advisors LLC acquired a new stake in Nebius Group during the 1st quarter worth approximately $361,000. Finally, Envestnet Asset Management Inc. bought a new stake in Nebius Group during the 1st quarter worth approximately $2,046,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Nebius Group Price Performance

NBIS stock opened at $120.47 on Tuesday. 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 business has a 50 day moving average of $103.66 and a 200-day moving average of $66.40. Nebius Group N.V. has a 12-month low of $17.39 and a 12-month high of $141.10.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The company had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. On average, sell-side analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NBIS has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nebius Group in a report on Tuesday, October 14th. DA Davidson reiterated a “buy” rating and issued a $75.00 target price on shares of Nebius Group in a report on Tuesday, September 9th. BWS Financial lifted their target price on shares of Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $120.00 target price on shares of Nebius Group in a report on Wednesday, September 17th. Finally, Wall Street Zen upgraded Nebius Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $91.20.

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.