Moors & Cabot Inc. Purchases 800 Shares of Nebius Group N.V. $NBIS

Moors & Cabot Inc. increased its position in Nebius Group N.V. (NASDAQ:NBIS) by 5.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,920 shares of the company’s stock after buying an additional 800 shares during the quarter. Moors & Cabot Inc.’s holdings in Nebius Group were worth $826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of NBIS. Oppenheimer Asset Management Inc. grew its position in Nebius Group by 186.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock worth $1,652,000 after acquiring an additional 19,424 shares during the last quarter. Scientech Research LLC purchased a new stake in shares of Nebius Group during the first quarter valued at approximately $869,000. MGO One Seven LLC purchased a new stake in shares of Nebius Group during the second quarter valued at approximately $255,000. DekaBank Deutsche Girozentrale bought a new position in shares of Nebius Group in the first quarter worth approximately $8,519,000. Finally, Hardy Reed LLC purchased a new position in shares of Nebius Group in the second quarter worth $365,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. DA Davidson reissued a “buy” rating and set a $75.00 price target on shares of Nebius Group in a research report on Tuesday, September 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Nebius Group in a research note on Wednesday. BWS Financial boosted their price target 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 shares of Nebius Group to a “hold” rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $91.20.

Nebius Group Stock Performance

Shares of Nebius Group stock opened at $111.28 on Friday. Nebius Group N.V. has a 12 month low of $17.39 and a 12 month 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. The business has a fifty day simple moving average of $107.00 and a two-hundred day simple moving average of $68.30.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (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 company had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. On average, research analysts expect that Nebius Group N.V. will post -1.1 earnings per share for the current year.

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.