MGO One Seven LLC Makes New Investment in Nebius Group N.V. $NBIS

MGO One Seven LLC purchased a new position in Nebius Group N.V. (NASDAQ:NBIS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,608 shares of the company’s stock, valued at approximately $255,000.

Several other institutional investors have also added to or reduced their stakes in NBIS. GAMMA Investing LLC acquired a new stake in Nebius Group in the first quarter worth about $80,000. PFG Investments LLC acquired a new stake in Nebius Group in the first quarter worth about $860,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Nebius Group in the first quarter worth about $208,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Nebius Group in the first quarter worth about $220,000. Finally, Creative Financial Designs Inc. ADV purchased a new position in shares of Nebius Group in the first quarter worth about $57,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Nebius Group Stock Down 7.8%

Shares of NBIS stock opened at $113.44 on Monday. The stock has a 50 day moving average of $93.37 and a 200 day moving average of $58.75. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The stock has a market cap of $26.74 billion, a P/E ratio of -199.02 and a beta of 3.45. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $141.10.

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

Analyst Upgrades and Downgrades

NBIS has been the subject of several research analyst reports. Wall Street Zen upgraded Nebius Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 30th. DA Davidson restated a “buy” rating and issued a $75.00 price objective on shares of Nebius Group in a research note on Tuesday, September 9th. The Goldman Sachs Group restated a “buy” rating and issued a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. Weiss Ratings restated a “hold (c)” rating on shares of Nebius Group in a research note on Tuesday, October 14th. Finally, BWS Financial raised their price objective on Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Two investment 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 MarketBeat.com, Nebius Group currently has an average rating of “Buy” and an average price target of $91.20.

Nebius Group Company 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.