Apollon Wealth Management LLC Takes Position in Nebius Group N.V. $NBIS

Apollon Wealth Management LLC purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) in the second quarter, HoldingsChannel.com reports. The firm purchased 6,749 shares of the company’s stock, valued at approximately $373,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in shares of Nebius Group during the first quarter worth about $80,000. Farther Finance Advisors LLC acquired a new stake in Nebius Group during the 1st quarter worth approximately $152,000. Fifth Third Bancorp purchased a new position in shares of Nebius Group in the 1st quarter valued at approximately $130,000. PFG Investments LLC purchased a new position in shares of Nebius Group in the 1st quarter valued at approximately $860,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Nebius Group in the 1st quarter valued at approximately $208,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Nebius Group Stock Performance

NASDAQ NBIS opened at $113.44 on Friday. The business has a 50 day moving average price of $93.37 and a 200 day moving average price of $58.26. The company has a market capitalization of $26.74 billion, a P/E ratio of -199.02 and a beta of 3.45. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $141.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70.

Nebius Group (NASDAQ:NBIS) last posted its earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.03. The company had revenue of $105.10 million for 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%. Sell-side analysts expect that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nebius Group in a research note on Tuesday. Wall Street Zen raised Nebius Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 30th. BWS Financial lifted their price objective on Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Finally, Seaport Res Ptn raised Nebius Group to a “hold” rating in a report on Monday, September 15th. Two research 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. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $91.20.

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.