Nexxen International (NASDAQ:NEXN) Raised to "Strong-Buy" at Wall Street Zen

Nexxen International (NASDAQ:NEXN - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday.

Several other equities research analysts have also issued reports on NEXN. Scotiabank started coverage on Nexxen International in a report on Monday, March 31st. They set a "sector outperform" rating and a $17.00 price target for the company. Craig Hallum initiated coverage on Nexxen International in a report on Thursday, April 10th. They issued a "buy" rating and a $15.00 target price for the company. Needham & Company LLC restated a "buy" rating and issued a $14.00 target price on shares of Nexxen International in a report on Friday, May 23rd. Royal Bank Of Canada boosted their target price on Nexxen International from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Finally, JMP Securities restated a "market outperform" rating and issued a $15.00 target price on shares of Nexxen International in a report on Friday, May 23rd. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $15.33.

Nexxen International Stock Up 1.1%

NASDAQ:NEXN traded up $0.11 on Friday, hitting $9.85. 163,389 shares of the company's stock traded hands, compared to its average volume of 234,752. The company has a market cap of $624.37 million, a PE ratio of 19.28 and a beta of 1.75. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04. Nexxen International has a 1 year low of $6.93 and a 1 year high of $21.88. The firm has a 50-day moving average price of $10.71 and a 200-day moving average price of $12.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Navellier & Associates Inc. lifted its holdings in shares of Nexxen International by 1.2% during the first quarter. Navellier & Associates Inc. now owns 99,374 shares of the company's stock worth $830,000 after buying an additional 1,182 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Nexxen International during the fourth quarter worth approximately $110,000. Jane Street Group LLC acquired a new position in shares of Nexxen International during the fourth quarter worth approximately $121,000. Sei Investments Co. bought a new stake in shares of Nexxen International during the fourth quarter valued at approximately $127,000. Finally, Bank of America Corp DE increased its position in shares of Nexxen International by 1,898.3% during the fourth quarter. Bank of America Corp DE now owns 15,107 shares of the company's stock valued at $151,000 after purchasing an additional 14,351 shares during the period. 54.24% of the stock is currently owned by institutional investors and hedge funds.

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.