Canaccord Genuity Group Issues Pessimistic Forecast for Nexxen International (NASDAQ:NEXN) Stock Price

Key Points

• Canaccord cut its price target on Nexxen from $12.00 to $11.00 but kept a "buy" rating, implying roughly a 47% upside from the stock's prior close.
• Mixed analyst revisions have lowered several targets (e.g., Craig Hallum, BTIG, Scotiabank) but the MarketBeat consensus remains a "Moderate Buy" with an average target of $11.28 (eight Buy, two Hold).
• Fundamentals and capital actions: Nexxen beat Q4 estimates (EPS $0.33 vs. $0.27; revenue $100.71M) and its board authorized a $40 million share repurchase program to buy up to 9.9% of outstanding shares.

Nexxen International (NASDAQ:NEXN - Get Free Report) had its price target reduced by research analysts at Canaccord Genuity Group from $12.00 to $11.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective points to a potential upside of 47.06% from the company's previous close.

Other equities analysts have also issued reports about the stock. Craig Hallum lowered shares of Nexxen International from a "buy" rating to a "hold" rating and set a $8.00 price target for the company. in a research report on Thursday, November 13th. BTIG Research dropped their target price on shares of Nexxen International from $13.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, November 13th. Citizens Jmp cut their price target on Nexxen International from $15.00 to $12.00 and set a "market outperform" rating for the company in a research note on Friday, November 14th. Weiss Ratings restated a "hold (c)" rating on shares of Nexxen International in a research report on Thursday, January 22nd. Finally, Scotiabank dropped their price objective on Nexxen International from $12.00 to $10.00 and set a "sector outperform" rating for the company in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $11.28.

Nexxen International Stock Performance

NEXN traded up $0.80 during midday trading on Thursday, reaching $7.48. The company had a trading volume of 661,615 shares, compared to its average volume of 358,033. The business has a 50-day moving average of $6.19 and a two-hundred day moving average of $7.51. 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 1 year low of $5.60 and a 1 year high of $12.60. The company has a market cap of $424.48 million, a P/E ratio of 12.47 and a beta of 1.69.

Nexxen International (NASDAQ:NEXN - Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.06. The firm had revenue of $100.71 million for the quarter, compared to analysts' expectations of $100.39 million. Nexxen International had a return on equity of 12.23% and a net margin of 10.46%. As a group, equities research analysts predict that Nexxen International will post 0.25 earnings per share for the current fiscal year.

Nexxen International announced that its board has initiated a share buyback program on Thursday, November 20th that permits the company to repurchase $40.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 9.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its position in Nexxen International by 1,062.0% in the second quarter. Geode Capital Management LLC now owns 509,808 shares of the company's stock worth $5,307,000 after purchasing an additional 465,936 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Nexxen International in the 2nd quarter worth $90,000. Rhumbline Advisers increased its holdings in shares of Nexxen International by 1,244.5% in the 2nd quarter. Rhumbline Advisers now owns 59,926 shares of the company's stock worth $624,000 after buying an additional 55,469 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Nexxen International during the 2nd quarter valued at about $124,000. Finally, JB Capital Partners LP lifted its holdings in shares of Nexxen International by 1.8% in the 2nd quarter. JB Capital Partners LP now owns 3,555,097 shares of the company's stock valued at $37,009,000 after acquiring an additional 62,540 shares during the last quarter. 54.24% of the stock is owned by hedge funds and other institutional investors.

More Nexxen International News

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

• Positive Sentiment: Q4 results beat expectations — Nexxen reported $0.33 EPS vs. $0.27 consensus and revenue of $100.71M vs. $100.39M, with healthy net margin and ROE metrics; that beat is a clear near‑term earnings catalyst. Press Release / Slides
• Positive Sentiment: Management reaffirmed growth focus for 2026 and outlined >8% contribution ex‑TAC growth target driven by enterprise and CTV momentum — this supports further revenue/monetization upside if execution continues. Seeking Alpha: Growth Target
• Positive Sentiment: Product and partnership progress — Nexxen highlighted AI‑resilient channels, enhanced mobile in‑app capabilities and a programmatic Smart TV home screen solution integrated with VIDAA and The Trade Desk, which could expand CTV monetization. GlobeNewswire: Press Release
• Neutral Sentiment: Rosenblatt increased its price target to $16 and reiterated a Buy rating — a bullish analyst call that suggests sizable upside, which can support further buying interest. TickerReport / Benzinga
• Neutral Sentiment: Needham trimmed its target from $9 to $7.50 but maintained a Buy rating — the new target is essentially in line with the current share level, so its impact is muted compared with the earnings/growth news. TickerReport / Benzinga
• Negative Sentiment: Scotiabank cut its price target from $12 to $10 (still a “sector outperform”) — the lower target is a headwind for sentiment, even though the firm remains constructive on the sector. Benzinga: Analyst Note

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.

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