Shares of Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN - Get Free Report) were down 4.3% during trading on Friday . The company traded as low as $9.73 and last traded at $9.74. Approximately 480,800 shares traded hands during mid-day trading, an increase of 105% from the average daily volume of 234,174 shares. The stock had previously closed at $10.18.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Canaccord Genuity Group raised their target price on Nexxen International from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Royal Bank Of Canada raised their price objective on Nexxen International from $13.00 to $14.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Scotiabank initiated coverage on Nexxen International in a research report on Monday, March 31st. They issued a "sector outperform" rating and a $17.00 target price on the stock. Raymond James Financial raised 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 report on Monday, May 5th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $15.00 price target on shares of Nexxen International in a report on Friday, May 23rd. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $15.33.
Check Out Our Latest Analysis on Nexxen International
Nexxen International Price Performance
The stock has a market capitalization of $617.71 million, a P/E ratio of 19.10 and a beta of 1.75. The company has a 50 day moving average of $10.71 and a 200-day moving average of $12.11. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.04.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Navellier & Associates Inc. raised its stake in 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 acquiring an additional 1,182 shares during the period. Virtu Financial LLC bought a new position in shares of Nexxen International during the fourth quarter valued at approximately $110,000. Jane Street Group LLC acquired a new stake in shares of Nexxen International during the 4th quarter worth approximately $121,000. Sei Investments Co. bought a new stake in shares of Nexxen International in the 4th quarter worth approximately $127,000. Finally, Bank of America Corp DE boosted its position in Nexxen International by 1,898.3% during the 4th 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.
About Nexxen International
(
Get Free Report)
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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