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

Key Points

• Nexxen International Ltd. has received a consensus rating of "Buy" from nine research firms, with an average 1-year price target of $14.33.
• Institutional investors own 54.24% of Nexxen's stock, with notable recent increases in holdings from firms like GAMMA Investing LLC and Bank of America Corp DE.
• The stock opened at $11.01 and has a market capitalization of approximately $698.25 million, reflecting positive investor sentiment and stock performance.

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN - Get Free Report) has been given a consensus rating of "Buy" by the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $14.33.

Several research analysts recently issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $14.00 price target on shares of Nexxen International in a research note on Friday, May 23rd. Raymond James Financial upgraded shares of Nexxen International from a "market perform" rating to an "outperform" rating and set a $15.00 price target for the company in a research note on Monday, May 5th. Royal Bank Of Canada increased 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. Canaccord Genuity Group increased 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. Finally, JMP Securities reiterated a "market outperform" rating and issued a $15.00 price target on shares of Nexxen International in a research note on Friday, May 23rd.

Institutional Trading of Nexxen International

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

Nexxen International Stock Down 1.9%

Shares of Nexxen International stock traded down $0.20 during trading on Tuesday, hitting $10.08. The company's stock had a trading volume of 121,907 shares, compared to its average volume of 416,347. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.46. The company has a fifty day simple moving average of $10.44 and a two-hundred day simple moving average of $9.68. The company has a market capitalization of $639.27 million, a PE ratio of 19.77 and a beta of 1.75. Nexxen International has a 52 week low of $6.34 and a 52 week high of $12.60.

About Nexxen International

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.