Trellis Wealth Advisors LLC Buys New Position in Nebius Group N.V. $NBIS

Trellis Wealth Advisors LLC bought a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,033 shares of the company’s stock, valued at approximately $278,000.

Other large investors also recently added to or reduced their stakes in the company. Scientech Research LLC bought a new stake in Nebius Group during the first quarter valued at approximately $869,000. PFG Investments LLC bought a new stake in Nebius Group during the first quarter valued at approximately $860,000. SeaCrest Wealth Management LLC bought a new stake in Nebius Group during the first quarter valued at approximately $453,000. DekaBank Deutsche Girozentrale bought a new stake in Nebius Group during the first quarter valued at approximately $8,519,000. Finally, Colonial River Investments LLC bought a new stake in Nebius Group during the first quarter valued at approximately $330,000. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Price Performance

NBIS stock opened at $127.98 on Friday. Nebius Group N.V. has a one year low of $14.09 and a one year high of $132.98. The company’s fifty day moving average price is $79.50 and its 200-day moving average price is $51.37. 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 capitalization of $30.17 billion, a PE ratio of -224.53 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, topping 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 firm had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. On average, equities analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Analyst Ratings Changes

NBIS has been the subject of several recent research reports. BWS Financial boosted their target price on shares of Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. 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. DA Davidson reaffirmed a “buy” rating and set a $75.00 price target on shares of Nebius Group in a report on Tuesday, September 9th. Wall Street Zen raised shares of Nebius Group from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nebius Group in a report on Saturday, September 27th. Two 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 data from MarketBeat.com, Nebius Group currently has an average rating of “Buy” and a consensus price target of $91.20.

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.