Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) Stock Rated “Moderate Buy” by Wall Street Analysts

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

In other Nexxen International news, CFO Sagi Niri sold 17,578 shares of Nexxen International stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $10.51, for a total transaction of $184,744.78. Following the transaction, the chief financial officer directly owned 126,488 shares of the company’s stock, valued at $1,329,388.88. The trade was a 12.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Daniel Kerstein sold 11,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $10.38, for a total transaction of $114,180.00. Following the completion of the sale, the director owned 34,678 shares of the company’s stock, valued at approximately $359,957.64. The trade was a 24.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 32,432 shares of company stock valued at $336,386 in the last quarter.

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

(Get Free Report)

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.

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Analyst Recommendations for Nexxen International (NASDAQ:NEXN)

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