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

Key Points

• Canaccord Genuity raised Nexxen International’s price target from $11 to $13 and maintained a “buy” rating, implying 23.05% upside. The stock has a consensus “Moderate Buy” rating and an average target of $12.89.
• Nexxen reported quarterly EPS of $0.23 versus the $0.22 estimate and revenue of $100.52 million versus $94.37 million expected. Analysts project full-year EPS of $0.75.
• Shares traded down 1.6% to $10.56, while institutional ownership stands at 54.24%; company insiders have sold 258,468 shares worth approximately $2.35 million over the past three months.

Nexxen International (NASDAQ:NEXN - Get Free Report) had its price objective upped by equities researchers at Canaccord Genuity Group from $11.00 to $13.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's target price suggests a potential upside of 23.05% from the company's previous close.

A number of other research firms have also recently commented on NEXN. Scotiabank raised their price target on shares of Nexxen International from $11.00 to $13.00 and gave the stock a "sector outperform" rating in a report on Thursday. Raymond James Financial upped their price objective on shares of 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 set a $16.00 price objective 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 for the company in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada boosted their target price on Nexxen International from $11.00 to $13.00 and gave the company an "outperform" rating in a research report on Thursday. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $12.89.

Nexxen International Trading Down 1.6%

NEXN traded down $0.17 during trading on Thursday, hitting $10.56. The company's stock had a trading volume of 252,621 shares, compared to its average volume of 365,592. Nexxen International has a twelve month low of $5.60 and a twelve month high of $11.30. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.04. The stock's fifty day moving average price is $9.53 and its 200-day moving average price is $7.89. The firm has a market capitalization of $594.60 million, a P/E ratio of 35.00 and a beta of 1.60.

Nexxen International (NASDAQ:NEXN - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The company 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%. Analysts anticipate that Nexxen International will post 0.75 EPS for the current year.

Insider Buying and Selling

In other Nexxen International news, CFO Sagi Niri sold 17,578 shares of the company's stock in a transaction 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 transaction, the chief financial officer owned 126,488 shares in the company, valued at approximately $1,329,388.88. This represents a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 258,468 shares of company stock worth $2,350,050.

Institutional Investors Weigh In On Nexxen International

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Nexxen International by 1,062.0% in the 2nd quarter. Geode Capital Management LLC now owns 509,808 shares of the company's stock valued at $5,307,000 after buying an additional 465,936 shares during the last quarter. Rock Point Advisors LLC boosted its stake in shares of Nexxen International by 42.5% in the 4th quarter. Rock Point Advisors LLC now owns 950,517 shares of the company's stock worth $6,216,000 after buying an additional 283,295 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Nexxen International by 354.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 122,106 shares of the company's stock worth $1,271,000 after buying an additional 95,219 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Nexxen International by 328.5% in 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 in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Nexxen International by 1,244.5% during the second quarter. Rhumbline Advisers now owns 59,926 shares of the company's stock valued at $624,000 after acquiring an additional 55,469 shares during the last quarter. Institutional investors and hedge funds 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source