Legacy Wealth Asset Management LLC Invests $372,000 in Nebius Group N.V. $NBIS

Legacy Wealth Asset Management LLC purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 6,715 shares of the company’s stock, valued at approximately $372,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Scientech Research LLC acquired a new position in shares of Nebius Group during the 1st quarter valued at about $869,000. MGO One Seven LLC acquired a new position in shares of Nebius Group during the 2nd quarter valued at about $255,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Nebius Group during the 1st quarter valued at about $8,519,000. Colonial River Investments LLC acquired a new position in shares of Nebius Group during the 1st quarter valued at about $330,000. Finally, Hardy Reed LLC acquired a new position in shares of Nebius Group during the 2nd quarter valued at about $365,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Price Performance

Shares of NBIS stock opened at $104.28 on Wednesday. The stock has a 50 day moving average of $94.72 and a two-hundred day moving average of $59.68. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. Nebius Group N.V. has a 12 month low of $16.71 and a 12 month high of $141.10. The company has a market capitalization of $24.58 billion, a P/E ratio of -182.95 and a beta of 3.45.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. The Goldman Sachs Group reissued a “buy” rating and set a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. Wall Street Zen raised Nebius Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 30th. DA Davidson reissued a “buy” rating and set a $75.00 price objective on shares of Nebius Group in a report on Tuesday, September 9th. BWS Financial increased their price objective on Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Finally, Seaport Res Ptn raised Nebius Group to a “hold” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target 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.