Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) Receives $11.61 Consensus Target Price from Analysts

Shares of Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) have earned an average rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $11.6111.

A number of research analysts recently weighed in on the company. BTIG Research upped their price objective on Nexxen International from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Royal Bank Of Canada raised their target price on Nexxen International from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Rosenblatt Securities restated a “buy” rating and set a $16.00 target price on shares of Nexxen International in a research report on Wednesday, June 17th. Craig Hallum raised shares of Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Thursday, July 9th. Finally, Needham & Company LLC upped their price target on shares of Nexxen International from $8.50 to $10.50 and gave the stock a “buy” rating in a research note on Wednesday, June 17th.

Nexxen International Stock Up 1.5%

NEXN opened at $10.38 on Tuesday. The business has a 50 day moving average price of $8.68 and a two-hundred day moving average price of $7.33. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.04. The company has a market cap of $584.19 million, a PE ratio of 34.60 and a beta of 1.62. Nexxen International has a 52 week low of $5.60 and a 52 week high of $11.59.

Nexxen International (NASDAQ:NEXN) last issued its earnings results on Wednesday, April 1st. The company reported $0.06 earnings per share for the quarter. The business 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%. As a group, research analysts anticipate that Nexxen International will post 0.75 EPS for the current year.

Insider Buying and Selling

In other Nexxen International news, CFO Sagi Niri sold 3,655 shares of the company’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $9.73, for a total transaction of $35,563.15. Following the transaction, the chief financial officer directly owned 328,176 shares in the company, valued at approximately $3,193,152.48. This represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 240,890 shares of company stock worth $2,165,305 over the last quarter.

Institutional Investors Weigh In On Nexxen International

Hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System purchased a new stake in shares of Nexxen International during the 2nd quarter worth approximately $25,000. Quantbot Technologies LP acquired a new stake in shares of Nexxen International in the 3rd quarter worth approximately $43,000. Jump Financial LLC purchased a new position in Nexxen International in the 4th quarter valued at approximately $95,000. New York State Common Retirement Fund purchased a new position in Nexxen International in the 2nd quarter valued at approximately $124,000. Finally, GAMMA Investing LLC raised its holdings in Nexxen International by 69.5% during the second 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 last quarter. 54.24% of the stock is currently owned by institutional investors and hedge funds.

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.