R Squared Ltd Invests $371,000 in Nebius Group N.V. $NBIS

R Squared Ltd purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,706 shares of the company’s stock, valued at approximately $371,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in NBIS. Scientech Research LLC bought a new stake in Nebius Group during the first quarter valued at about $869,000. MGO One Seven LLC bought a new stake in Nebius Group during the second quarter valued at about $255,000. DekaBank Deutsche Girozentrale bought a new stake in Nebius Group during the first quarter valued at about $8,519,000. Colonial River Investments LLC bought a new stake in Nebius Group during the first quarter valued at about $330,000. Finally, Hardy Reed LLC bought a new stake in Nebius Group during the second quarter valued at about $365,000. Institutional investors own 21.90% of the company’s stock.

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $117.26 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 market cap of $27.64 billion, a PE ratio of -205.72 and a beta of 3.45. The business has a 50-day simple moving average of $96.95 and a two-hundred day simple moving average of $61.21. Nebius Group N.V. has a fifty-two week low of $17.27 and a fifty-two week high of $141.10.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.03. The business 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%. As a group, equities analysts expect that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NBIS shares. Seaport Res Ptn raised Nebius Group to a “hold” rating in a research report on Monday, September 15th. Wall Street Zen raised Nebius Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 30th. DA Davidson reaffirmed a “buy” rating and set a $75.00 price objective on shares of Nebius Group in a research report on Tuesday, September 9th. BWS Financial raised their price objective on Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price 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.