FNY Investment Advisers LLC Acquires 6,539 Shares of Nebius Group N.V. $NBIS

FNY Investment Advisers LLC increased its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS) by 254.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 9,109 shares of the company’s stock after acquiring an additional 6,539 shares during the period. FNY Investment Advisers LLC’s holdings in Nebius Group were worth $504,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Scientech Research LLC bought a new stake in shares of Nebius Group during the 1st quarter worth approximately $869,000. MGO One Seven LLC bought a new stake in Nebius Group during the 2nd quarter valued at $255,000. DekaBank Deutsche Girozentrale bought a new stake in Nebius Group during the 1st quarter valued at $8,519,000. Colonial River Investments LLC bought a new stake in Nebius Group during the 1st quarter valued at $330,000. Finally, Hardy Reed LLC bought a new stake in Nebius Group during the 2nd quarter valued at $365,000. 21.90% of the stock is owned by institutional investors.

Nebius Group Trading Down 4.3%

Shares of NASDAQ:NBIS opened at $104.28 on Wednesday. Nebius Group N.V. has a 12-month low of $16.71 and a 12-month high of $141.10. The business’s fifty day simple moving average is $94.72 and its 200-day simple moving average is $59.68. The company has a market capitalization of $24.58 billion, a PE ratio of -182.95 and a beta of 3.45. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NBIS. BWS Financial lifted their target price on Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. DA Davidson reaffirmed a “buy” rating and set a $75.00 target price on shares of Nebius Group in a research report on Tuesday, September 9th. Wall Street Zen raised Nebius Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 30th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nebius Group in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target 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.