4,775 Shares in Nebius Group N.V. $NBIS Bought by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Nebius Group N.V. (NASDAQ:NBIS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,775 shares of the company’s stock, valued at approximately $264,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. lifted its stake in Nebius Group by 186.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock worth $1,652,000 after purchasing an additional 19,424 shares during the period. Scientech Research LLC bought a new position in shares of Nebius Group during the first quarter valued at $869,000. MGO One Seven LLC bought a new position in Nebius Group during the 2nd quarter valued at about $255,000. DekaBank Deutsche Girozentrale bought a new position in Nebius Group during the 1st quarter valued at about $8,519,000. Finally, Hardy Reed LLC bought a new position in Nebius Group during the 2nd quarter valued at about $365,000. 21.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NBIS has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Nebius Group in a research note on Tuesday, October 14th. BWS Financial lifted their target price on shares of Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Wall Street Zen upgraded Nebius Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Seaport Res Ptn upgraded Nebius Group to a “hold” rating in a research report on Monday, September 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $91.20.

Nebius Group Trading Up 5.3%

NBIS stock opened at $130.82 on Friday. 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 50 day moving average price of $102.65 and a 200 day moving average price of $65.39. Nebius Group N.V. has a fifty-two week low of $17.39 and a fifty-two week high of $141.10.

Nebius Group (NASDAQ:NBIS) last released its 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. The company had revenue of $105.10 million during the quarter, compared to the consensus estimate of $95.60 million. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%. Equities research analysts anticipate that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Nebius Group 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.