Nexxen International (NASDAQ:NEXN – Get Free Report) had its price target upped by stock analysts at Needham & Company LLC from $8.50 to $10.50 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective suggests a potential upside of 20.00% from the company’s current price.
Several other research analysts have also issued reports on the stock. Rosenblatt Securities increased their price target on shares of Nexxen International from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Wall Street Zen raised shares of Nexxen International from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. BTIG Research decreased their price target on shares of Nexxen International from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Royal Bank Of Canada increased their price target on shares of Nexxen International from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Finally, Canaccord Genuity Group decreased their price target on shares of Nexxen International from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Nexxen International has an average rating of “Moderate Buy” and an average target price of $11.06.
Check Out Our Latest Research Report on Nexxen International
Nexxen International Stock Up 0.7%
Nexxen International (NASDAQ:NEXN – Get Free Report) last announced its quarterly earnings data on Wednesday, April 1st. The company reported $0.06 EPS for the quarter. The business had revenue of $86.84 million during the quarter. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%. As a group, equities research analysts anticipate that Nexxen International will post 0.73 EPS for the current year.
Insider Transactions at Nexxen International
In other Nexxen International news, CFO Sagi Niri sold 33,757 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $8.63, for a total value of $291,322.91. Following the sale, the chief financial officer directly owned 533,823 shares in the company, valued at approximately $4,606,892.49. This trade represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 74,216 shares of company stock valued at $637,668 over the last quarter.
Institutional Investors Weigh In On Nexxen International
Hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System acquired a new stake in Nexxen International in the second quarter worth $25,000. Quantbot Technologies LP acquired a new stake in shares of Nexxen International during the third quarter worth $43,000. New York State Common Retirement Fund acquired a new stake in shares of Nexxen International during the second quarter worth $124,000. Jump Financial LLC acquired a new stake in shares of Nexxen International during the fourth quarter worth $95,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Nexxen International during the third quarter worth $168,000. 54.24% of the stock is currently owned by institutional investors and hedge funds.
Nexxen International Company Profile
Tremor International Ltd provides end-to-end software platform that enables advertisers to reach relevant audiences and publishers. The company's demand side platform (DSP) offers full-service and self-managed marketplace access to advertisers and agencies to execute their digital marketing campaigns in real time across various ad formats. Its sell supply side platform (SSP) provides access to data and a comprehensive product suite to drive inventory management and revenue optimization. The company also offers data management platform solution, which integrates DSP and SSP solutions enabling advertisers and publishers to use data from various sources in order to optimize results of their advertising campaigns.
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