Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) Receives $11.17 Consensus Target Price from Brokerages

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $10.6875.

Several research firms have recently weighed in on NEXN. Scotiabank decreased their price objective on shares of Nexxen International from $12.00 to $10.00 and set a “sector outperform” rating for the company in a report on Thursday, March 5th. Needham & Company LLC cut their target price on shares of Nexxen International from $9.00 to $7.50 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Weiss Ratings restated a “hold (c)” rating on shares of Nexxen International in a research report on Thursday, January 22nd. BTIG Research cut their target price on shares of Nexxen International from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Finally, Rosenblatt Securities boosted their target price on shares of Nexxen International from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, March 5th.

Nexxen International Stock Up 0.7%

NEXN opened at $7.63 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average price of $6.97 and a 200-day moving average price of $6.80. Nexxen International has a twelve month low of $5.60 and a twelve month high of $12.60. The stock has a market capitalization of $429.42 million, a price-to-earnings ratio of 18.61 and a beta of 1.61.

Nexxen International (NASDAQ:NEXN) last released its quarterly earnings data on Sunday, March 22nd. The company reported $0.09 earnings per share for the quarter. Nexxen International had a net margin of 6.87% and a return on equity of 9.47%. The firm had revenue of $71.01 million during the quarter. Equities research analysts forecast that Nexxen International will post 0.75 earnings per share for the current year.

Institutional Trading of Nexxen International

Several large investors have recently added to or reduced their stakes in NEXN. California State Teachers Retirement System bought a new stake in Nexxen International during the second quarter valued at approximately $25,000. Quantbot Technologies LP bought a new stake in Nexxen International during the third quarter valued at approximately $43,000. Jump Financial LLC bought a new stake in Nexxen International during the fourth quarter valued at approximately $95,000. SG Americas Securities LLC bought a new stake in Nexxen International during the third quarter valued at approximately $102,000. Finally, New York State Common Retirement Fund bought a new stake in Nexxen International during the second quarter valued at approximately $124,000. 54.24% of the stock is currently 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.