Tekne Capital Management LLC Purchases New Shares in Nebius Group N.V. $NBIS

Tekne Capital Management LLC purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 375,000 shares of the company’s stock, valued at approximately $7,916,000. Nebius Group makes up approximately 3.0% of Tekne Capital Management LLC’s investment portfolio, making the stock its 6th biggest position.

Several other hedge funds also recently made changes to their positions in the company. Aristides Capital LLC bought a new stake in shares of Nebius Group during the first quarter valued at approximately $528,000. Bank of Hawaii bought a new stake in Nebius Group in the first quarter worth $415,000. Freedom Investment Management Inc. bought a new stake in Nebius Group in the first quarter worth $229,000. Jump Financial LLC bought a new stake in Nebius Group in the first quarter worth $10,362,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Nebius Group in the first quarter worth $5,967,000. 21.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NBIS has been the topic of several analyst reports. Wall Street Zen raised Nebius Group from a “sell” rating to a “hold” rating in a report on Monday. Arete started coverage on Nebius Group in a report on Thursday, June 5th. They set a “buy” rating and a $84.00 price target on the stock. Northland Securities set a $47.00 price target on Nebius Group and gave the company an “outperform” rating in a report on Wednesday, May 21st. BWS Financial upped their price target on Nebius Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, DA Davidson upped their price target on Nebius Group from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat.com, Nebius Group has an average rating of “Buy” and an average target price of $70.80.

Nebius Group Stock Down 0.5%

NASDAQ NBIS opened at $70.10 on Thursday. The stock’s 50-day moving average price is $56.56 and its 200-day moving average price is $40.52. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $75.96. The company has a market capitalization of $16.53 billion, a P/E ratio of -122.98 and a beta of 3.36.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The firm had revenue of $47.60 million during the quarter, compared to analysts’ expectations of $95.60 million. On average, equities research analysts predict 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.