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 analysts at Royal Bank Of Canada from $10.00 to $11.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 35.97% from the company’s current price.

Several other analysts also recently weighed in on NEXN. Needham & Company LLC upped their price target on Nexxen International from $7.50 to $8.50 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Nexxen International in a report on Thursday, January 22nd. BTIG Research lowered their target price on Nexxen International from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. Rosenblatt Securities increased their target price on Nexxen International from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Finally, Canaccord Genuity Group reduced their target price on shares of Nexxen International from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Nexxen International presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.69.

Nexxen International Trading Up 6.3%

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

Nexxen International (NASDAQ:NEXN) last issued its quarterly earnings data on Wednesday, April 1st. The company reported $0.06 EPS for the quarter. The firm 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%. As a group, analysts forecast that Nexxen International will post 0.75 EPS for the current year.

Institutional Investors Weigh In On Nexxen International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jump Financial LLC bought a new stake in Nexxen International during the fourth quarter valued at about $95,000. 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 valued at $485,000 after acquiring an additional 56,808 shares during the period. Legato Capital Management LLC raised its holdings in Nexxen International by 23.8% during the fourth quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock valued at $164,000 after acquiring an additional 4,815 shares during the period. Rock Point Advisors LLC raised its holdings 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 acquiring an additional 283,295 shares during the period. Finally, Strs Ohio raised its holdings in 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. 54.24% of the stock is owned by institutional investors.

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.