Eagle Global Advisors LLC Takes $4.71 Million Position in Nebius Group N.V. (NASDAQ:NBIS)

Eagle Global Advisors LLC purchased a new stake in Nebius Group N.V. (NASDAQ:NBIS) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 223,055 shares of the company’s stock, valued at approximately $4,709,000. Eagle Global Advisors LLC owned about 0.09% of Nebius Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new stake in Nebius Group in the 1st quarter valued at about $25,000. First Horizon Advisors Inc. acquired a new position in Nebius Group during the 1st quarter worth approximately $33,000. Banque Cantonale Vaudoise purchased a new stake in shares of Nebius Group in the 1st quarter valued at approximately $33,000. Manchester Capital Management LLC acquired a new stake in shares of Nebius Group in the 1st quarter valued at $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Nebius Group during the 1st quarter worth $36,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Analyst Ratings Changes

NBIS has been the topic of several recent analyst reports. DA Davidson increased their target price on Nebius Group from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Arete Research upgraded Nebius Group to a “strong-buy” rating in a report on Thursday, June 5th. The Goldman Sachs Group assumed coverage on Nebius Group in a research note on Monday, July 14th. They set a “buy” rating and a $68.00 target price for the company. Wall Street Zen raised shares of Nebius Group from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Arete started coverage on shares of Nebius Group in a research report on Thursday, June 5th. They set a “buy” rating and a $84.00 price objective for the company. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Nebius Group presently has a consensus rating of “Buy” and a consensus target price of $70.80.

Nebius Group Trading Up 5.3%

NASDAQ NBIS opened at $68.78 on Monday. 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 firm has a market capitalization of $16.22 billion, a price-to-earnings ratio of -120.67 and a beta of 3.36. The company’s 50 day moving average price is $50.52 and its 200 day moving average price is $37.29. Nebius Group N.V. has a one year low of $14.09 and a one year high of $71.49.

Nebius Group (NASDAQ:NBIS) last announced its earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share for the quarter. The firm had revenue of $55.30 million during the quarter. During the same quarter in the prior year, the firm earned ($0.25) earnings per share. The firm’s revenue was up 385 compared to the same quarter last year. On average, sell-side analysts predict 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.