Lodestar Private Asset Management LLC Makes New Investment in Nebius Group N.V. $NBIS

Lodestar Private Asset Management LLC acquired a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) in the second quarter, HoldingsChannel.com reports. The fund acquired 4,621 shares of the company’s stock, valued at approximately $256,000.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Nebius Group during the 1st quarter worth $80,000. Farther Finance Advisors LLC acquired a new position in shares of Nebius Group during the 1st quarter worth $152,000. Fifth Third Bancorp acquired a new position in shares of Nebius Group during the 1st quarter worth $130,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Nebius Group during the 1st quarter worth $324,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Nebius Group during the 1st quarter worth $2,621,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NBIS shares. Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a research note on Monday, September 15th. BWS Financial upped their price target on shares of Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a research note 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 research note on Wednesday, September 17th. Wall Street Zen raised shares of Nebius Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nebius Group in a research note on Saturday, September 27th. Two research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $91.20.

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $129.58 on Monday. The stock has a market cap of $30.55 billion, a price-to-earnings ratio of -227.33 and a beta of 3.45. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $141.10. The company’s 50-day moving average price is $86.82 and its 200 day moving average price is $55.16. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.03. The firm had revenue of $105.10 million for the quarter, compared to analysts’ expectations of $95.60 million. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. As a group, research analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Nebius Group 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.