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

Rock Point Advisors LLC boosted its holdings in Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN - Free Report) by 32.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 643,492 shares of the company's stock after purchasing an additional 158,397 shares during the period. Nexxen International comprises about 1.7% of Rock Point Advisors LLC's portfolio, making the stock its 25th largest holding. Rock Point Advisors LLC owned 1.01% of Nexxen International worth $5,373,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Independent Advisor Alliance bought a new stake in Nexxen International during the 4th quarter valued at $190,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Nexxen International during the fourth quarter valued at about $289,000. Virtu Financial LLC bought a new position in shares of Nexxen International in the fourth quarter worth approximately $110,000. Sei Investments Co. bought a new position in Nexxen International during the fourth quarter valued at approximately $127,000. Finally, EntryPoint Capital LLC purchased a new stake in Nexxen International during the fourth quarter valued at approximately $149,000. Institutional investors and hedge funds own 54.24% of the company's stock.

Wall Street Analysts Forecast Growth

NEXN has been the subject of several research reports. Canaccord Genuity Group increased their price objective on shares of Nexxen International from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Royal Bank Of Canada raised their target price on shares of Nexxen International from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Craig Hallum started coverage on shares of Nexxen International in a report on Thursday, April 10th. They issued a "buy" rating and a $15.00 target price for the company. Raymond James Financial raised shares of Nexxen International from a "market perform" rating to an "outperform" rating and set a $15.00 price target on the stock in a research note on Monday, May 5th. Finally, Wall Street Zen downgraded shares of Nexxen International from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $15.33.

Nexxen International Trading Down 0.1%

Shares of NEXN opened at $10.09 on Thursday. The firm has a 50-day moving average price of $10.74 and a 200 day moving average price of $12.32. Nexxen International Ltd. Sponsored ADR has a 12-month low of $6.93 and a 12-month high of $21.88. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $639.91 million, a P/E ratio of 19.78 and a beta of 1.75.

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.

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