Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) Receives $12.89 Consensus Price Target from Analysts

Shares of Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) have been given a consensus recommendation of “Buy” by the eleven research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $12.8889.

NEXN has been the subject of several recent research reports. Wall Street Zen upgraded shares of Nexxen International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Royal Bank Of Canada lifted their price target on shares of Nexxen International from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Craig Hallum raised shares of Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Thursday, July 9th. Weiss Ratings upgraded Nexxen International from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 27th. Finally, BTIG Research raised their target price on Nexxen International from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th.

Insider Buying and Selling

In other news, Director Daniel Kerstein sold 11,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $10.38, for a total value of $114,180.00. Following the sale, the director directly owned 34,678 shares of the company’s stock, valued at approximately $359,957.64. This represents a 24.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sagi Niri sold 17,578 shares of Nexxen International stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $10.51, for a total value of $184,744.78. Following the completion of the sale, the chief financial officer owned 126,488 shares of the company’s stock, valued at approximately $1,329,388.88. The trade was a 12.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 201,374 shares of company stock valued at $1,880,061 in the last three months.

Institutional Trading of Nexxen International

Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System acquired a new position in shares of Nexxen International during the 2nd quarter valued at $34,000. Public Employees Retirement System of Ohio bought a new stake in Nexxen International in the second quarter valued at $826,000. Brandywine Trust Co. bought a new stake in Nexxen International in the second quarter valued at $143,000. Pinnacle Holdings LLC acquired a new position in shares of Nexxen International during the second quarter valued at about $42,000. Finally, GAMMA Investing LLC raised its holdings in shares of Nexxen International by 69.5% during the second quarter. GAMMA Investing LLC now owns 16,496 shares of the company’s stock valued at $149,000 after purchasing an additional 6,764 shares during the period. Institutional investors own 54.24% of the company’s stock.

Nexxen International Price Performance

Nexxen International stock opened at $9.56 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $544.44 million, a P/E ratio of 43.46 and a beta of 1.60. Nexxen International has a 52 week low of $5.60 and a 52 week high of $11.30. The stock has a fifty day moving average of $10.03 and a 200-day moving average of $8.35.

Nexxen International (NASDAQ:NEXN) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. Nexxen International had a return on equity of 7.03% and a net margin of 3.41%.The company had revenue of $100.52 million during the quarter, compared to the consensus estimate of $93.09 million. On average, sell-side analysts expect that Nexxen International will post 0.73 earnings per share for the current fiscal year.

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.