Nexxen International (NASDAQ:NEXN - Get Free Report) was upgraded by equities research analysts at BTIG Research to a "strong-buy" rating in a note issued to investors on Monday,Zacks.com reports.
A number of other research analysts have also recently issued reports on NEXN. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nexxen International in a research note on Saturday, September 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $16.00 price objective on shares of Nexxen International in a research note on Friday, August 22nd. Finally, Wall Street Zen cut Nexxen International from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $14.78.
Check Out Our Latest Analysis on NEXN
Nexxen International Stock Up 1.3%
NEXN opened at $8.47 on Monday. The stock has a market cap of $537.17 million, a PE ratio of 13.44 and a beta of 1.71. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.04. Nexxen International has a 52 week low of $6.93 and a 52 week high of $12.60. The business's fifty day simple moving average is $9.60 and its 200 day simple moving average is $9.93.
Nexxen International announced that its Board of Directors has authorized a stock buyback plan on Friday, August 15th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.
Institutional Investors Weigh In On Nexxen International
A number of large investors have recently added to or reduced their stakes in NEXN. California State Teachers Retirement System bought a new stake in Nexxen International in the 2nd quarter worth approximately $25,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Nexxen International in the 2nd quarter worth approximately $90,000. New York State Common Retirement Fund bought a new stake in Nexxen International in the 2nd quarter worth approximately $124,000. Jump Financial LLC bought a new stake in Nexxen International in the 1st quarter worth approximately $146,000. Finally, Bank of America Corp DE grew its position in shares of 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 acquiring an additional 14,351 shares during the period. Institutional investors own 54.24% of the company's stock.
Nexxen International Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Nexxen International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nexxen International wasn't on the list.
While Nexxen International currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
