Nexxen International Ltd. Sponsored ADR (NEXN) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts remain broadly positive: Nexxen International has a “Moderate Buy” consensus from 11 analysts, with nine buy ratings and an average 12-month price target of $12.89 versus the reported share price of $8.98.
• Recent results exceeded expectations: The company reported quarterly EPS of $0.23, beating the $0.20 consensus, while revenue of $100.52 million surpassed estimates of $93.09 million.
• Insiders sold shares while institutions maintained significant ownership: The CFO and a director sold shares under disclosed transactions, while institutional investors and hedge funds collectively owned 54.24% of NEXN.

Shares of Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $12.89.

NEXN has been the subject of several recent analyst reports. Royal Bank Of Canada upped their price objective 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. Rosenblatt Securities reiterated a "buy" rating and issued a $16.00 target price on shares of Nexxen International in a report on Thursday, August 13th. Zacks Research downgraded shares of Nexxen International from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 22nd. Craig Hallum raised shares of Nexxen International from a "hold" rating to a "buy" rating and set a $12.00 target price for the company in a research report on Thursday, July 9th. Finally, Wall Street Zen upgraded shares of Nexxen International from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th.

Insider Activity

In related news, CFO Sagi Niri sold 17,578 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $10.51, for a total transaction of $184,744.78. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Daniel Kerstein sold 11,000 shares of the stock in a transaction that occurred 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 owned 34,678 shares of the company's stock, valued at approximately $359,957.64. The trade was a 24.08% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Trading of Nexxen International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NEXN. Public Employees Retirement System of Ohio acquired a new position in shares of Nexxen International during the second quarter worth approximately $826,000. SteelPeak Wealth LLC bought a new stake in shares of Nexxen International in the third quarter valued at approximately $188,000. State of Alaska Department of Revenue grew its stake in shares of Nexxen International by 20.4% in the third quarter. State of Alaska Department of Revenue now owns 12,067 shares of the company's stock worth $108,000 after acquiring an additional 2,048 shares during the last quarter. Brandywine Trust Co. acquired a new stake in shares of Nexxen International in the second quarter worth $143,000. Finally, Pinnacle Holdings LLC acquired a new stake in shares of Nexxen International in the second quarter worth $42,000. Institutional investors and hedge funds own 54.24% of the company's stock.

Nexxen International Stock Down 1.2%

NEXN opened at $8.98 on Thursday. The business has a 50 day moving average price of $9.35 and a 200 day moving average price of $8.90. Nexxen International has a twelve month low of $5.60 and a twelve month high of $11.30. 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 firm has a market cap of $511.41 million, a P/E ratio of 40.82 and a beta of 1.61.

Nexxen International (NASDAQ:NEXN - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.03. Nexxen International had a return on equity of 7.03% and a net margin of 3.41%. The firm had revenue of $100.52 million during the quarter, compared to analysts' expectations of $93.09 million. Research analysts forecast that Nexxen International will post 0.73 EPS for the current year.

About Nexxen International

Nexxen International Ltd. NASDAQ: NEXN is a global advertising technology company that provides solutions for advertisers, agencies and media owners. Its platform supports the planning, buying, measurement and optimization of digital advertising campaigns across connected television (CTV), online video, display and audio channels.

The company combines programmatic advertising capabilities with data, audience intelligence and measurement tools designed to help marketers reach and understand consumers across devices and media environments.

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