Analysts Set Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) Target Price at $11.61

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

Several brokerages recently issued reports on NEXN. Royal Bank Of Canada lifted their price objective on Nexxen International from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Wall Street Zen upgraded shares of Nexxen International from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Raymond James Financial increased their target price on Nexxen International from $9.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 17th. BTIG Research raised their price target on shares of Nexxen International from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Finally, Scotiabank upped their price target on shares of Nexxen International from $10.00 to $11.00 and gave the company a “sector outperform” rating in a report on Wednesday, June 17th.

Nexxen International Stock Performance

Shares of NEXN stock opened at $10.08 on Tuesday. The firm has a 50 day moving average of $8.78 and a two-hundred day moving average of $7.38. The stock has a market capitalization of $567.30 million, a PE ratio of 33.60 and a beta of 1.62. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.04. Nexxen International has a 52 week low of $5.60 and a 52 week high of $11.59.

Nexxen International (NASDAQ:NEXN) last posted its quarterly earnings data 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 return on equity of 7.78% and a net margin of 4.85%. On average, research analysts predict that Nexxen International will post 0.75 EPS for the current fiscal year.

Insider Buying and Selling at Nexxen International

In other news, CFO Sagi Niri sold 3,655 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $9.73, for a total value of $35,563.15. Following the completion of the sale, the chief financial officer owned 328,176 shares of the company’s stock, valued at approximately $3,193,152.48. The trade was a 1.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 240,890 shares of company stock valued at $2,165,305.

Hedge Funds Weigh In On Nexxen International

A number of hedge funds have recently bought and sold shares of the company. Rock Point Advisors LLC raised its stake in Nexxen International by 42.5% during the fourth quarter. Rock Point Advisors LLC now owns 950,517 shares of the company’s stock valued at $6,216,000 after buying an additional 283,295 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Nexxen International by 1,062.0% in the second quarter. Geode Capital Management LLC now owns 509,808 shares of the company’s stock valued at $5,307,000 after acquiring an additional 465,936 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Nexxen International by 354.1% in the second quarter. BNP Paribas Financial Markets now owns 122,106 shares of the company’s stock valued at $1,271,000 after acquiring an additional 95,219 shares in the last quarter. Strs Ohio increased its stake in shares of Nexxen International by 35.7% during the fourth quarter. Strs Ohio now owns 83,300 shares of the company’s stock valued at $545,000 after acquiring an additional 21,900 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in Nexxen International by 328.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 74,102 shares of the company’s stock worth $485,000 after purchasing an additional 56,808 shares in 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.