Allworth Financial LP Acquires Shares of 2,106 Nebius Group N.V. (NASDAQ:NBIS)

Allworth Financial LP acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,106 shares of the company’s stock, valued at approximately $44,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC acquired a new position in Nebius Group during the first quarter worth $330,000. Principal Securities Inc. acquired a new stake in shares of Nebius Group in the first quarter valued at about $115,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Nebius Group during the first quarter worth about $8,519,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of Nebius Group during the first quarter worth about $841,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Nebius Group during the 1st quarter worth about $2,046,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Arete assumed coverage on Nebius Group in a report on Thursday, June 5th. They issued a “buy” rating and a $84.00 price objective on the stock. Wall Street Zen cut Nebius Group from a “hold” rating to a “sell” rating in a report on Friday. BWS Financial raised their target price on Nebius Group from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Northland Capmk upgraded Nebius Group to a “strong-buy” rating in a research report on Tuesday, May 6th. Finally, Arete Research raised Nebius Group to a “strong-buy” rating in a research note on Thursday, June 5th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Nebius Group presently has a consensus rating of “Buy” and an average target price of $66.80.

Nebius Group Trading Down 1.7%

Shares of NASDAQ NBIS opened at $52.79 on Friday. The stock has a market cap of $12.45 billion, a PE ratio of -92.61 and a beta of 3.25. Nebius Group N.V. has a 12-month low of $14.09 and a 12-month high of $56.16. The company has a 50-day moving average of $45.41 and a 200 day moving average of $35.15.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The firm had revenue of $55.30 million during the quarter. During the same period last year, the firm earned ($0.25) earnings per share. The firm’s revenue for the quarter was up 385 compared to the same quarter last year. On average, sell-side analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current fiscal 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.