Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) Given Average Recommendation of "Buy" by Analysts

Shares of Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN - Get Free Report) have received a consensus recommendation of "Buy" from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $15.33.

A number of research firms have issued reports on NEXN. Scotiabank began coverage on shares of Nexxen International in a research note on Monday, March 31st. They set a "sector outperform" rating and a $17.00 target price for the company. Canaccord Genuity Group upped their price target on shares of Nexxen International from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Rosenblatt Securities reiterated a "buy" rating and issued a $16.00 price objective on shares of Nexxen International in a report on Friday, May 30th. Raymond James Financial upgraded shares of Nexxen International from a "market perform" rating to an "outperform" rating and set a $15.00 price objective for the company in a report on Monday, May 5th. Finally, Wall Street Zen cut shares of Nexxen International from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

Institutional Trading of Nexxen International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JB Capital Partners LP raised its holdings in shares of Nexxen International by 2,490.0% in the 1st quarter. JB Capital Partners LP now owns 3,492,557 shares of the company's stock worth $29,163,000 after purchasing an additional 3,357,707 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Nexxen International in the 1st quarter worth approximately $146,000. Quantbot Technologies LP bought a new stake in shares of Nexxen International in the 1st quarter worth approximately $153,000. Navellier & Associates Inc. raised its holdings in shares of Nexxen International by 1.2% in the 1st quarter. Navellier & Associates Inc. now owns 99,374 shares of the company's stock worth $830,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Nexxen International in the 1st quarter worth approximately $174,000. 54.24% of the stock is currently owned by institutional investors.

Nexxen International Stock Performance

Nexxen International stock traded down $0.10 during midday trading on Friday, reaching $10.17. 640,951 shares of the stock traded hands, compared to its average volume of 226,399. 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 fifty day moving average price of $10.74 and a two-hundred day moving average price of $12.35. The firm has a market cap of $644.98 million, a price-to-earnings ratio of 19.94 and a beta of 1.75. Nexxen International has a fifty-two week low of $6.93 and a fifty-two week high of $21.88.

About Nexxen International

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.