Shares of Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $11.1667.
A number of analysts recently weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $16.00 target price on shares of Nexxen International in a report on Wednesday, June 17th. BTIG Research upped their target price on shares of Nexxen International from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Wall Street Zen raised shares of Nexxen International from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Royal Bank Of Canada upped their target price on shares of Nexxen International from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Finally, Canaccord Genuity Group decreased their target price on shares of Nexxen International from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, March 5th.
Read Our Latest Research Report on Nexxen International
Nexxen International Stock Performance
Nexxen International (NASDAQ:NEXN – Get Free Report) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.06 EPS for the quarter. The company had revenue of $86.84 million for the quarter. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%. On average, sell-side analysts anticipate that Nexxen International will post 0.75 earnings per share for the current year.
Insiders Place Their Bets
In related news, CFO Sagi Niri sold 34,667 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $8.78, for a total transaction of $304,376.26. Following the sale, the chief financial officer owned 459,023 shares of the company’s stock, valued at approximately $4,030,221.94. This represents a 7.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 112,141 shares of company stock worth $970,568.
Hedge Funds Weigh In On Nexxen International
A number of institutional investors have recently made changes to their positions in NEXN. Geode Capital Management LLC increased its holdings in shares of Nexxen International by 1,062.0% in the 2nd quarter. Geode Capital Management LLC now owns 509,808 shares of the company’s stock worth $5,307,000 after buying an additional 465,936 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Nexxen International by 1,244.5% in the 2nd quarter. Rhumbline Advisers now owns 59,926 shares of the company’s stock worth $624,000 after buying an additional 55,469 shares during the last quarter. New York State Common Retirement Fund bought a new position in shares of Nexxen International in the 2nd quarter worth $124,000. California State Teachers Retirement System bought a new position in shares of Nexxen International in the 2nd quarter worth $25,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Nexxen International by 354.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 122,106 shares of the company’s stock worth $1,271,000 after buying an additional 95,219 shares during the last quarter. Institutional investors own 54.24% of the company’s stock.
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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