Nexxen International (NASDAQ:NEXN – Get Free Report) had its target price hoisted by investment analysts at Needham & Company LLC from $7.50 to $8.50 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 18.15% from the stock’s previous close.
NEXN has been the topic of a number of other reports. Rosenblatt Securities raised their target price on Nexxen International from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. BTIG Research cut their price target on shares of Nexxen International from $10.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Scotiabank reduced their price objective on shares of Nexxen International from $12.00 to $10.00 and set a “sector outperform” rating for the company in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nexxen International in a report on Thursday, January 22nd. Finally, Canaccord Genuity Group cut their target price on shares of Nexxen International from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.81.
Get Our Latest Stock Report on NEXN
Nexxen International Price Performance
Nexxen International (NASDAQ:NEXN – Get Free Report) last announced its earnings results on Wednesday, April 1st. The company reported $0.06 earnings per share (EPS) for the quarter. Nexxen International had a net margin of 6.87% and a return on equity of 9.47%. The company had revenue of $86.84 million during the quarter. On average, research analysts anticipate that Nexxen International will post 0.75 earnings per share for the current fiscal year.
Institutional Trading of Nexxen International
Large investors have recently made changes to their positions in the company. California State Teachers Retirement System purchased a new stake in shares of Nexxen International during the 2nd quarter worth approximately $25,000. Navellier & Associates Inc. grew its holdings in shares of Nexxen International by 4.0% during the third quarter. Navellier & Associates Inc. now owns 110,156 shares of the company’s stock worth $1,019,000 after purchasing an additional 4,200 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Nexxen International during the third quarter worth about $43,000. Legato Capital Management LLC increased its position in shares of Nexxen International by 23.8% during the fourth quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock worth $164,000 after purchasing an additional 4,815 shares in the last quarter. Finally, Strs Ohio lifted its holdings in shares of Nexxen International by 14.1% in the 3rd quarter. Strs Ohio now owns 61,400 shares of the company’s stock valued at $568,000 after purchasing an additional 7,600 shares during the last quarter. 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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