Nexxen International (NASDAQ:NEXN) Price Target Raised to $13.00

Nexxen International (NASDAQ:NEXN) had its target price boosted by research analysts at Canaccord Genuity Group from $11.00 to $13.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 23.05% from the stock’s current price.

NEXN has been the subject of several other research reports. Needham & Company LLC raised their price target on shares of Nexxen International from $10.50 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday. Raymond James Financial increased their price objective on Nexxen International from $9.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. Rosenblatt Securities reissued a “buy” rating and issued a $16.00 target price on shares of Nexxen International in a research report on Thursday. Craig Hallum upgraded Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Thursday, July 9th. Finally, Wall Street Zen raised Nexxen International from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Nexxen International currently has a consensus rating of “Moderate Buy” and an average price target of $12.89.

Nexxen International Stock Performance

Shares of NASDAQ:NEXN traded down $0.17 during midday trading on Thursday, reaching $10.56. The company had a trading volume of 252,621 shares, compared to its average volume of 365,592. The stock has a market cap of $594.60 million, a P/E ratio of 35.00 and a beta of 1.60. The company’s 50 day moving average price is $9.53 and its 200 day moving average price is $7.89. The company has a current ratio of 1.25, a quick 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 $11.30.

Nexxen International (NASDAQ:NEXN) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $100.52 million during the quarter, compared to the consensus estimate of $94.37 million. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%. As a group, sell-side analysts anticipate that Nexxen International will post 0.75 EPS for the current fiscal year.

Insider Activity

In related news, CFO Sagi Niri sold 17,578 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $10.51, for a total transaction of $184,744.78. Following the sale, the chief financial officer directly owned 126,488 shares in the company, valued at approximately $1,329,388.88. This represents a 12.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 258,468 shares of company stock valued at $2,350,050 over the last 90 days.

Institutional Investors Weigh In On Nexxen International

Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System bought a new position in shares of Nexxen International in the second quarter worth $25,000. Pinnacle Holdings LLC purchased a new stake in Nexxen International during the 2nd quarter worth about $42,000. Quantbot Technologies LP purchased a new stake in Nexxen International during the 3rd quarter worth about $43,000. Jump Financial LLC bought a new position in Nexxen International in the 4th quarter worth about $95,000. Finally, New York State Common Retirement Fund bought a new position in Nexxen International in the 2nd quarter worth about $124,000. Institutional investors own 54.24% of the company’s stock.

Key Nexxen International News

Here are the key news stories impacting Nexxen International this week:

• Positive Sentiment: Strong quarterly results and higher guidance: Nexxen reported second-quarter EPS of $0.23, ahead of the $0.22 consensus, while revenue of $100.52 million exceeded estimates of $94.37 million. The company delivered record Contribution ex-TAC and programmatic revenue, including an all-time quarterly record for connected-TV revenue, and raised its full-year 2026 guidance for both metrics for the third time this year. Nexxen Reports Record Second Quarter 2026 Financial Results
• Positive Sentiment: Analysts raised targets: Needham and BTIG each lifted their price target to $13 and assigned a “buy” rating. Rosenblatt Securities reaffirmed its “buy” rating and set a $16 target, implying substantial upside from recent trading levels. Analyst Price Target Updates
• Positive Sentiment: Commercial leadership expanded: Nexxen appointed Chance Johnson as president, Kara Puccinelli as chief commercial officer and Kenneth Suh as chief business officer. The company said the appointments are intended to accelerate enterprise growth as it scales its unified advertising platform. Nexxen Names Chance Johnson President
• Neutral Sentiment: Short-interest data provides little signal: Reported short interest was zero shares, unchanged from the prior period, with a zero-day days-to-cover ratio. This suggests no meaningful short-squeeze or short-selling catalyst based on the available figures.

About Nexxen International

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.