Avestar Capital LLC Makes New $762,000 Investment in Nebius Group N.V. $NBIS

Avestar Capital LLC bought a new stake in shares of Nebius Group N.V. (NASDAQ:NBISFree Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 6,789 shares of the company’s stock, valued at approximately $762,000.

A number of other large investors have also bought and sold shares of NBIS. Oppenheimer Asset Management Inc. lifted its holdings in Nebius Group by 186.3% during the second 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 period. Trek Financial LLC bought a new position in Nebius Group during the third quarter valued at about $2,309,000. J.W. Cole Advisors Inc. increased its holdings in Nebius Group by 123.9% during the third quarter. J.W. Cole Advisors Inc. now owns 33,488 shares of the company’s stock worth $3,760,000 after buying an additional 18,533 shares during the last quarter. Invesco Ltd. raised its position in Nebius Group by 2.7% in the second quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock worth $198,514,000 after acquiring an additional 92,710 shares during the period. Finally, Salem Investment Counselors Inc. boosted its stake in Nebius Group by 2,272.7% in the third quarter. Salem Investment Counselors Inc. now owns 26,930 shares of the company’s stock valued at $3,023,000 after acquiring an additional 25,795 shares during the last quarter. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on NBIS. DA Davidson reiterated a “buy” rating and set a $150.00 price target on shares of Nebius Group in a research note on Wednesday, November 12th. Citizens Jmp began coverage on shares of Nebius Group in a report on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 price target on the stock. Morgan Stanley initiated coverage on Nebius Group in a report on Thursday, January 15th. They set an “equal weight” rating and a $126.00 price objective on the stock. Weiss Ratings lowered Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Finally, Compass Point began coverage on shares of Nebius Group in a research report on Wednesday. They issued a “buy” rating and a $150.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $143.22.

View Our Latest Stock Analysis on Nebius Group

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Nebius Group Price Performance

Shares of NBIS opened at $107.61 on Friday. Nebius Group N.V. has a 1-year low of $18.31 and a 1-year high of $141.10. The firm has a fifty day simple moving average of $92.82 and a two-hundred day simple moving average of $94.47. The company has a current ratio of 3.08, a quick ratio of 6.57 and a debt-to-equity ratio of 0.89. The firm has a market cap of $27.10 billion, a PE ratio of -73.71 and a beta of 3.90.

Nebius Group (NASDAQ:NBISGet Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.42) by ($0.27). Nebius Group had a negative return on equity of 11.70% and a net margin of 19.02%.The business had revenue of $227.70 million during the quarter, compared to the consensus estimate of $246.05 million. On average, equities analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current year.

About Nebius Group

(Free Report)

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.

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Institutional Ownership by Quarter for Nebius Group (NASDAQ:NBIS)

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