Nexxen International (NASDAQ:NEXN – Get Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.
NEXN has been the topic of a number of other research reports. BTIG Research upped their target price on Nexxen International from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Raymond James Financial boosted their price objective on Nexxen International from $9.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $16.00 target price on shares of Nexxen International in a research note on Thursday, August 13th. Scotiabank upped their price target on shares of Nexxen International from $11.00 to $13.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 13th. Finally, Wall Street Zen raised shares of Nexxen International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Nexxen International currently has an average rating of “Buy” and a consensus price target of $12.89.
Check Out Our Latest Report on Nexxen International
Nexxen International Price Performance
Nexxen International (NASDAQ:NEXN – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $100.52 million during the quarter, compared to the consensus estimate of $93.09 million. Nexxen International had a return on equity of 7.03% and a net margin of 3.41%. Equities analysts forecast that Nexxen International will post 0.75 EPS for the current year.
Insider Activity
In other Nexxen International news, Director Daniel Yosef Kerstein sold 11,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $10.38, for a total transaction of $114,180.00. Following the completion of the sale, the director directly owned 34,678 shares of the company’s stock, valued at approximately $359,957.64. This represents a 24.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sagi Niri sold 17,578 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $10.51, for a total transaction of $184,744.78. Following the completion of the sale, the chief financial officer owned 126,488 shares in the company, valued at $1,329,388.88. This represents a 12.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 269,468 shares of company stock valued at $2,464,230.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System acquired a new position in Nexxen International during the 2nd quarter valued at about $25,000. Pinnacle Holdings LLC purchased a new position in Nexxen International in the 2nd quarter worth $42,000. Quantbot Technologies LP acquired a new stake in Nexxen International during the 3rd quarter worth about $43,000. New York State Common Retirement Fund acquired a new stake in Nexxen International during the 2nd quarter worth about $124,000. Finally, Jump Financial LLC purchased a new stake in Nexxen International during the 4th quarter valued at about $95,000. 54.24% of the stock is currently owned by hedge funds and other institutional investors.
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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