Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN - Get Free Report) has received an average recommendation of "Buy" from the eleven ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $12.8889.
A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC raised their price objective on shares of Nexxen International from $10.50 to $13.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Craig Hallum raised Nexxen International from a "hold" rating to a "buy" rating and set a $12.00 price target for the company in a report on Thursday, July 9th. Royal Bank Of Canada increased their price objective on Nexxen International from $11.00 to $13.00 and gave the company an "outperform" rating in a report on Thursday, August 13th. Canaccord Genuity Group boosted their target price on Nexxen International from $11.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Finally, Raymond James Financial increased their price target on shares of Nexxen International from $9.00 to $11.00 and gave the company an "outperform" rating in a research note on Wednesday, June 17th.
Get Our Latest Analysis on NEXN
Insiders Place Their Bets
In related news, Director Daniel Yosef Kerstein sold 11,000 shares of Nexxen International stock in a transaction on Monday, August 17th. The shares were sold at an average price of $10.38, for a total transaction of $114,180.00. Following the sale, the director directly owned 34,678 shares in the company, valued at $359,957.64. This trade represents a 24.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sagi Niri sold 68,886 shares of the business's stock in a transaction on Monday, June 29th. The shares were sold at an average price of $9.08, for a total transaction of $625,484.88. Following the completion of the sale, the chief financial officer directly owned 381,856 shares of the company's stock, valued at approximately $3,467,252.48. This trade represents a 15.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 214,538 shares of company stock worth $1,992,481 over the last ninety days.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in NEXN. Rock Point Advisors LLC boosted its holdings in shares of Nexxen International by 42.5% in 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. Strs Ohio increased its stake in Nexxen International by 35.7% in the fourth quarter. Strs Ohio now owns 83,300 shares of the company's stock valued at $545,000 after purchasing an additional 21,900 shares during the period. FourThought Financial Partners LLC purchased a new stake in shares of Nexxen International in the third quarter valued at about $168,000. New York State Common Retirement Fund acquired a new stake in shares of Nexxen International during the second quarter worth about $124,000. Finally, Jump Financial LLC acquired a new position in Nexxen International in the 4th quarter valued at about $95,000. Institutional investors and hedge funds own 54.24% of the company's stock.
Nexxen International Price Performance
NEXN stock opened at $9.60 on Wednesday. Nexxen International has a 1 year low of $5.60 and a 1 year high of $11.30. The firm has a market capitalization of $546.72 million, a P/E ratio of 43.64 and a beta of 1.60. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.26 and a quick ratio of 1.26. The business's 50-day moving average is $9.97 and its two-hundred day moving average is $8.29.
Nexxen International (NASDAQ:NEXN - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.03. Nexxen International had a net margin of 3.41% and a return on equity of 7.03%. The firm had revenue of $100.52 million for the quarter, compared to analyst estimates of $93.09 million. Analysts anticipate that Nexxen International will post 0.73 earnings per share for the current fiscal year.
About Nexxen International
(
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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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