Genesee Capital Advisors LLC Buys Shares of 3,683 Nebius Group N.V. $NBIS

Genesee Capital 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 SEC. The firm bought 3,683 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Orbis Allan Gray Ltd purchased a new position in Nebius Group during the 1st quarter valued at about $331,474,000. Accel Leaders 4 Associates L.P. purchased a new stake in shares of Nebius Group during the first quarter worth about $96,704,000. Invesco Ltd. purchased a new stake in shares of Nebius Group during the first quarter worth about $73,782,000. Fred Alger Management LLC purchased a new stake in shares of Nebius Group during the first quarter worth about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in shares of Nebius Group during the first quarter worth about $46,822,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Nebius Group Price Performance

Nebius Group stock opened at $129.58 on Monday. Nebius Group N.V. has a 1 year low of $14.09 and a 1 year high of $141.10. The firm has a 50 day moving average price of $86.82 and a 200 day moving average price of $55.16. The company has a market cap of $30.55 billion, a price-to-earnings ratio of -227.33 and a beta of 3.45. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $95.60 million. Sell-side analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NBIS. The Goldman Sachs Group reiterated a “buy” rating and set a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. BWS Financial lifted their price target on shares of Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Wall Street Zen upgraded shares of Nebius Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nebius Group in a report on Saturday, September 27th. Finally, Seaport Res Ptn upgraded shares of Nebius Group to a “hold” rating in a 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average 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.