Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $12.89.
A number of equities research analysts have commented on the stock. Needham & Company LLC raised their price target on shares of Nexxen International from $10.50 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Craig Hallum upgraded shares of Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, July 9th. Scotiabank raised their target price on Nexxen International from $11.00 to $13.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 13th. BTIG Research raised 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. Finally, Royal Bank Of Canada upped their target price on Nexxen International from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th.
Get Our Latest Analysis on NEXN
Insider Buying and Selling at Nexxen International
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Pinnacle Holdings LLC purchased a new position in shares of Nexxen International in the 2nd quarter worth about $42,000. GAMMA Investing LLC grew its position in Nexxen International by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 16,496 shares of the company’s stock worth $149,000 after purchasing an additional 6,764 shares during the period. Brandywine Trust Co. bought a new stake in Nexxen International in the 2nd quarter worth approximately $143,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Nexxen International during the 2nd quarter valued at $826,000. 54.24% of the stock is owned by institutional investors.
Nexxen International Stock Down 2.9%
Shares of NASDAQ NEXN opened at $8.81 on Friday. The company’s 50 day moving average price is $9.77 and its 200-day moving average price is $8.68. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.26 and a current ratio of 1.26. Nexxen International has a 52-week low of $5.60 and a 52-week high of $11.30. The company has a market capitalization of $501.73 million, a P/E ratio of 40.05 and a beta of 1.61.
Nexxen International (NASDAQ:NEXN – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. Nexxen International had a return on equity of 7.03% and a net margin of 3.41%.The firm had revenue of $100.52 million during the quarter, compared to analyst estimates of $93.09 million. Equities analysts forecast that Nexxen International will post 0.73 earnings per share for the current year.
About Nexxen International
Nexxen International Ltd. (NASDAQ: NEXN) is a global advertising technology company that provides solutions for advertisers, agencies and media owners. Its platform supports the planning, buying, measurement and optimization of digital advertising campaigns across connected television (CTV), online video, display and audio channels.
The company combines programmatic advertising capabilities with data, audience intelligence and measurement tools designed to help marketers reach and understand consumers across devices and media environments.
Featured Articles
- Five stocks we like better than Nexxen International
- Carnival and CarMax Pop on Strong Earnings, but Challenges Remain
- 3 Income Stocks Under $30 That Yield More Than the 10-Year Treasury Note
- 3 AI Winners, 3 Very Different Paths to Higher Margins
- Plexus Is Booming—But Can the Growth Story Last?
Receive News & Ratings for Nexxen International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexxen International and related companies with MarketBeat.com's FREE daily email newsletter.
