Nexxen International (NASDAQ:NEXN) Price Target Raised to $11.00 at Royal Bank Of Canada

Nexxen International (NASDAQ:NEXN) had its target price upped by Royal Bank Of Canada from $10.00 to $11.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 35.97% from the stock’s previous close.

Several other brokerages have also recently issued reports on NEXN. Scotiabank decreased their price objective on Nexxen International from $12.00 to $10.00 and set a “sector outperform” rating on the stock in a report on Thursday, March 5th. Canaccord Genuity Group reduced 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. Needham & Company LLC boosted their target price on shares of Nexxen International from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Nexxen International in a report on Thursday, January 22nd. Finally, BTIG Research reduced their target price on shares of Nexxen International from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.69.

Nexxen International Price Performance

Shares of NEXN traded up $0.48 during midday trading on Thursday, hitting $8.09. 172,558 shares of the company traded hands, compared to its average volume of 338,502. The firm has a 50 day moving average of $7.10 and a 200-day moving average of $6.77. Nexxen International has a 52 week low of $5.60 and a 52 week high of $12.23. The stock has a market cap of $455.31 million, a price-to-earnings ratio of 19.73 and a beta of 1.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.29 and a current ratio of 1.29.

Nexxen International (NASDAQ:NEXN) last released its quarterly earnings data on Wednesday, April 1st. The company reported $0.06 EPS for the quarter. The business had revenue of $86.84 million during the quarter. Nexxen International had a net margin of 6.87% and a return on equity of 9.47%. On average, analysts forecast that Nexxen International will post 0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Nexxen International

Institutional 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 in the second quarter valued at approximately $25,000. Quantbot Technologies LP bought a new stake in shares of Nexxen International in the third quarter valued at about $43,000. Jump Financial LLC bought a new stake in shares of Nexxen International in the fourth quarter valued at about $95,000. SG Americas Securities LLC bought a new stake in shares of Nexxen International in the third quarter valued at about $102,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Nexxen International in the second quarter valued at about $124,000. 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.