Intellectus Partners LLC Buys New Shares in Nebius Group N.V. (NASDAQ:NBIS)

Intellectus Partners LLC purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 27,000 shares of the company’s stock, valued at approximately $570,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whipplewood Advisors LLC purchased a new position in shares of Nebius Group during the 1st quarter valued at about $36,000. GAMMA Investing LLC bought a new stake in Nebius Group during the 1st quarter worth approximately $80,000. Finally, Centaurus Financial Inc. purchased a new position in Nebius Group during the fourth quarter valued at approximately $9,505,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Wall Street Analysts Forecast Growth

NBIS has been the subject of a number of analyst reports. DA Davidson set a $45.00 price objective on shares of Nebius Group and gave the stock a “buy” rating in a research note on Monday, May 19th. Northland Capmk upgraded Nebius Group to a “strong-buy” rating in a research note on Tuesday, May 6th. Northland Securities set a $47.00 price objective on Nebius Group and gave the company an “outperform” rating in a research report on Wednesday, May 21st. Arete initiated coverage on Nebius Group in a research note on Thursday. They issued a “buy” rating and a $84.00 price objective for the company. Finally, Arete Research raised Nebius Group to a “strong-buy” rating in a research note on Thursday. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Nebius Group currently has an average rating of “Buy” and an average price target of $59.00.

Nebius Group Stock Performance

NBIS opened at $48.28 on Friday. The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of -84.70 and a beta of 3.25. Nebius Group N.V. has a fifty-two week low of $14.09 and a fifty-two week high of $50.87. The company has a fifty day moving average of $29.21 and a 200 day moving average of $30.53.

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.