IFP Advisors Inc Buys 2,875 Shares of Nebius Group N.V. $NBIS

IFP Advisors Inc raised its stake in shares of Nebius Group N.V. (NASDAQ:NBIS) by 241.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,065 shares of the company’s stock after purchasing an additional 2,875 shares during the period. IFP Advisors Inc’s holdings in Nebius Group were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of Nebius Group during the 1st quarter valued at about $80,000. Farther Finance Advisors LLC purchased a new stake in shares of Nebius Group during the 1st quarter valued at about $152,000. Fifth Third Bancorp purchased a new stake in shares of Nebius Group during the 1st quarter valued at about $130,000. PFG Investments LLC purchased a new stake in shares of Nebius Group during the 1st quarter valued at about $860,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Nebius Group during the 1st quarter valued at about $208,000. Institutional investors own 21.90% of the company’s stock.

Nebius Group Stock Performance

Shares of NASDAQ:NBIS opened at $113.44 on Friday. The firm has a market cap of $26.74 billion, a PE ratio of -199.02 and a beta of 3.45. The firm’s 50 day simple moving average is $93.37 and its 200-day simple moving average is $58.26. Nebius Group N.V. has a one year low of $14.09 and a one year high of $141.10. 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 issued its earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.03. The business had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. As a group, equities analysts predict that Nebius Group N.V. will post -1.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NBIS. BWS Financial upped 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 restated a “buy” rating and set a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. Seaport Res Ptn upgraded shares of Nebius Group to a “hold” rating in a research report on Monday, September 15th. DA Davidson restated a “buy” rating and set a $75.00 target price on shares of Nebius Group in a research report on Tuesday, September 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nebius Group in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nebius Group currently has an average rating of “Buy” and an average target price of $91.20.

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.