Rock Point Advisors LLC Acquires 158,397 Shares of Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN)

Rock Point Advisors LLC lifted its position in Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN - Free Report) by 32.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 643,492 shares of the company's stock after acquiring an additional 158,397 shares during the period. Nexxen International makes up approximately 1.7% of Rock Point Advisors LLC's holdings, making the stock its 25th biggest holding. Rock Point Advisors LLC owned 1.01% of Nexxen International worth $5,373,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of Nexxen International in the 4th quarter valued at approximately $110,000. Jane Street Group LLC bought a new stake in Nexxen International during the 4th quarter worth approximately $121,000. Sei Investments Co. bought a new stake in Nexxen International during the 4th quarter worth approximately $127,000. EntryPoint Capital LLC bought a new stake in Nexxen International during the 4th quarter worth approximately $149,000. Finally, Bank of America Corp DE increased its stake in Nexxen International by 1,898.3% during the 4th quarter. Bank of America Corp DE now owns 15,107 shares of the company's stock worth $151,000 after purchasing an additional 14,351 shares in the last quarter. 54.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NEXN shares. JMP Securities reissued a "market outperform" rating and set a $15.00 target price on shares of Nexxen International in a research note on Friday, May 23rd. Canaccord Genuity Group increased their target price on Nexxen International from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Royal Bank Of Canada raised their price target on shares of Nexxen International from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. Scotiabank started coverage on shares of Nexxen International in a research note on Monday, March 31st. They set a "sector outperform" rating and a $17.00 price target for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $14.00 price target on shares of Nexxen International in a research note on Friday, May 23rd. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $15.33.

Nexxen International Price Performance

Shares of NASDAQ:NEXN traded down $0.28 during midday trading on Friday, hitting $9.90. The stock had a trading volume of 298,672 shares, compared to its average volume of 232,656. The company's 50-day moving average price is $10.75 and its 200-day moving average price is $12.25. The company has a market capitalization of $627.83 million, a P/E ratio of 19.41 and a beta of 1.75. Nexxen International Ltd. Sponsored ADR has a fifty-two week low of $6.93 and a fifty-two week high of $21.88. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.04.

Nexxen International Company Profile

Nexxen International Ltd. provides end-to-end software platform that enables advertisers to reach publishers Israel. 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.