Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts consensus "Moderate Buy": 10 analysts cover Nexxen (8 buy, 2 hold) with an average 1‑year price target of $11.17, though several firms (Scotiabank, Needham, BTIG, Canaccord) have recently trimmed targets.
• $40.0 million share repurchase approved (about 10.8% of shares) and the company reported $0.09 EPS on $71.01 million revenue for the quarter, with analysts forecasting about 0.25 EPS for the year.
• Institutional ownership 54.24% with notable position increases by entities like Public Employees Retirement System of Ohio and Rock Point Advisors; market cap is ~$372 million and the stock trades near $6.61 (52‑week range $5.60–$12.60).

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $11.1667.

Several brokerages have recently weighed in on NEXN. Scotiabank decreased their price target on Nexxen International from $12.00 to $10.00 and set a "sector outperform" rating on the stock in a research report on Thursday, March 5th. Weiss Ratings restated a "hold (c)" rating on shares of Nexxen International in a research report on Thursday, January 22nd. Needham & Company LLC cut their price objective on shares of Nexxen International from $9.00 to $7.50 and set a "buy" rating for the company in a research report on Wednesday, March 4th. BTIG Research reduced their price objective on shares of Nexxen International from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Thursday, March 19th. Finally, Canaccord Genuity Group decreased their target price on shares of Nexxen International from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, March 5th.

Institutional Investors Weigh In On Nexxen International

Institutional investors and hedge funds have recently made changes to their positions in the business. Jump Financial LLC purchased a new position in Nexxen International during the fourth quarter worth about $95,000. Public Employees Retirement System of Ohio increased its stake in Nexxen International by 328.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 74,102 shares of the company's stock worth $485,000 after acquiring an additional 56,808 shares during the last quarter. Legato Capital Management LLC raised its holdings in shares of Nexxen International by 23.8% in the 4th quarter. Legato Capital Management LLC now owns 25,028 shares of the company's stock valued at $164,000 after acquiring an additional 4,815 shares in the last quarter. Rock Point Advisors LLC boosted its position in shares of Nexxen International by 42.5% during the 4th 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 last quarter. Finally, Strs Ohio boosted its position in shares of Nexxen International by 35.7% during the 4th quarter. Strs Ohio now owns 83,300 shares of the company's stock valued at $545,000 after acquiring an additional 21,900 shares during the last quarter. Hedge funds and other institutional investors own 54.24% of the company's stock.

Nexxen International Price Performance

Nexxen International stock opened at $6.61 on Friday. The firm has a market capitalization of $372.01 million, a P/E ratio of 16.12 and a beta of 1.63. Nexxen International has a one year low of $5.60 and a one year high of $12.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.29 and a quick ratio of 1.29. The business has a fifty day moving average price of $6.48 and a 200-day moving average price of $7.07.

Nexxen International (NASDAQ:NEXN - Get Free Report) last released its quarterly earnings data on Sunday, March 22nd. The company reported $0.09 earnings per share (EPS) for the quarter. Nexxen International had a return on equity of 9.47% and a net margin of 6.87%.The company had revenue of $71.01 million for the quarter. As a group, equities research analysts forecast that Nexxen International will post 0.25 EPS for the current year.

Nexxen International declared that its board has approved a share repurchase plan on Friday, January 2nd that permits the company to buyback $40.00 million in shares. This buyback authorization permits the company to repurchase up to 10.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Nexxen International Company Profile

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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