Bay Colony Advisory Group Inc d b a Bay Colony Advisors Makes New $264,000 Investment in Nebius Group N.V. $NBIS

Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,775 shares of the company’s stock, valued at approximately $264,000.

Other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its stake in shares of Nebius Group by 186.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock worth $1,652,000 after purchasing an additional 19,424 shares during the period. Scientech Research LLC acquired a new stake in shares of Nebius Group during the first quarter worth $869,000. MGO One Seven LLC acquired a new stake in shares of Nebius Group during the second quarter worth $255,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Nebius Group during the 1st quarter worth about $8,519,000. Finally, Hardy Reed LLC acquired a new position in shares of Nebius Group during the 2nd quarter worth about $365,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. 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. Weiss Ratings restated a “hold (c)” rating on shares of Nebius Group in a report on Tuesday, October 14th. The Goldman Sachs Group restated a “buy” rating and set a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a report on Monday, September 15th. Finally, Wall Street Zen raised shares of Nebius Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $91.20.

Nebius Group Price Performance

Shares of NBIS opened at $130.82 on Friday. 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 50 day simple moving average of $102.65 and a 200 day simple moving average of $65.39. Nebius Group N.V. has a 52-week low of $17.39 and a 52-week high of $141.10.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The company had revenue of $105.10 million during the quarter, compared to the consensus estimate of $95.60 million. On average, sell-side analysts forecast that Nebius Group N.V. will post -1.1 EPS 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.