Nexxen International (NASDAQ:NEXN - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.
NEXN has been the topic of several other reports. Craig Hallum assumed coverage on Nexxen International in a report on Thursday, April 10th. They issued a "buy" rating and a $15.00 target price on the stock. Raymond James Financial raised Nexxen International from a "market perform" rating to an "outperform" rating and set a $15.00 target price on the stock in a report on Monday, May 5th. Scotiabank assumed coverage on Nexxen International in a report on Monday, March 31st. They issued a "sector outperform" rating and a $17.00 target price on the stock. Needham & Company LLC reissued a "buy" rating and issued a $14.00 target price on shares of Nexxen International in a report on Friday, May 23rd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $16.00 price objective on shares of Nexxen International in a report on Friday, May 30th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Nexxen International currently has a consensus rating of "Buy" and a consensus price target of $15.33.
View Our Latest Stock Analysis on NEXN
Nexxen International Price Performance
Shares of NEXN stock traded down $0.10 during trading hours on Friday, hitting $9.84. The company had a trading volume of 297,084 shares, compared to its average volume of 236,161. Nexxen International has a 12 month low of $6.93 and a 12 month high of $21.88. The firm has a market capitalization of $623.71 million, a price-to-earnings ratio of 19.34 and a beta of 1.75. The firm's fifty day moving average is $10.67 and its 200 day moving average is $11.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.46.
Hedge Funds Weigh In On Nexxen International
Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Nexxen International in the 4th quarter valued at about $110,000. Jane Street Group LLC acquired a new stake in Nexxen International in the 4th quarter valued at about $121,000. Sei Investments Co. acquired a new stake in Nexxen International in the 4th quarter valued at about $127,000. Jump Financial LLC acquired a new stake in Nexxen International in the 1st quarter valued at about $146,000. Finally, EntryPoint Capital LLC acquired a new stake in Nexxen International in the 4th quarter valued at about $149,000. Institutional investors own 54.24% of the company's stock.
Nexxen International Company Profile
(
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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.
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