Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) Receives Consensus Rating of “Buy” from Analysts

Shares of Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) have received an average recommendation of “Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have covered the stock in the last year is $14.33.

Several brokerages have weighed in on NEXN. Wall Street Zen cut shares of Nexxen International from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 20th. Scotiabank initiated coverage on shares of Nexxen International in a research report on Monday, March 31st. They issued a “sector outperform” rating and a $17.00 price target for the company. JMP Securities reissued a “market outperform” rating and set a $15.00 price target on shares of Nexxen International in a research report on Friday, May 23rd. Rosenblatt Securities restated a “buy” rating and set a $16.00 price objective on shares of Nexxen International in a research note on Friday, May 30th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $14.00 target price on shares of Nexxen International in a research report on Friday, May 23rd.

Institutional Trading of Nexxen International

Several large investors have recently bought and sold shares of NEXN. GAMMA Investing LLC increased its holdings in shares of Nexxen International by 234.6% during the first quarter. GAMMA Investing LLC now owns 28,190 shares of the company’s stock worth $235,000 after buying an additional 19,766 shares in the last quarter. Millennium Management LLC grew its position in Nexxen International by 45.7% during the 4th quarter. Millennium Management LLC now owns 98,742 shares of the company’s stock worth $989,000 after acquiring an additional 30,973 shares during the last quarter. Sei Investments Co. acquired a new position in Nexxen International in the 4th quarter worth about $127,000. Bank of America Corp DE raised its position in Nexxen International by 1,898.3% in the fourth quarter. Bank of America Corp DE now owns 15,107 shares of the company’s stock valued at $151,000 after purchasing an additional 14,351 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Nexxen International in the fourth quarter valued at about $121,000. 54.24% of the stock is owned by institutional investors and hedge funds.

Nexxen International Stock Performance

Shares of Nexxen International stock opened at $11.01 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a 50-day moving average of $10.46 and a 200-day moving average of $9.67. Nexxen International has a 52-week low of $6.34 and a 52-week high of $12.60. The stock has a market cap of $698.25 million, a PE ratio of 21.59 and a beta of 1.75.

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.