Nebius Group N.V. $NBIS Stock Position Decreased by Freedom Investment Management Inc.

Freedom Investment Management Inc. lessened its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS) by 12.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,496 shares of the company’s stock after selling 1,355 shares during the period. Freedom Investment Management Inc.’s holdings in Nebius Group were worth $525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc acquired a new position in Nebius Group during the 1st quarter valued at about $25,000. Signaturefd LLC boosted its stake in Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares during the period. SJS Investment Consulting Inc. acquired a new position in Nebius Group during the 2nd quarter valued at about $31,000. First Horizon Advisors Inc. acquired a new position in Nebius Group during the 1st quarter valued at about $33,000. Finally, Banque Cantonale Vaudoise acquired a new position in Nebius Group during the 1st quarter valued at about $33,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on NBIS. Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a research note on Monday, September 15th. DA Davidson reissued a “buy” rating and set a $75.00 target price on shares of Nebius Group in a research note on Tuesday, September 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nebius Group in a research note on Tuesday, October 14th. The Goldman Sachs Group reiterated a “buy” rating and issued a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. Finally, Wall Street Zen upgraded shares of Nebius Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $91.20.

Nebius Group Trading Up 10.5%

Nebius Group stock opened at $117.26 on Friday. The firm has a 50 day simple moving average of $96.95 and a 200-day simple moving average of $61.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. The stock has a market capitalization of $27.64 billion, a PE ratio of -205.72 and a beta of 3.45. Nebius Group N.V. has a 12-month low of $17.27 and a 12-month high of $141.10.

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

Nebius Group Company 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.