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

Key Points

• Wall Street Zen upgraded Nexxen International to “strong-buy,” while nine analysts maintain Buy ratings and one has a Hold rating. The consensus price target is $12.89, with several firms recently raising targets to $13.
• Nexxen’s latest quarterly results exceeded expectations, with EPS of $0.23 versus $0.20 expected and revenue of $100.52 million compared with the $93.09 million consensus estimate.
• Shares opened at $10.47, up substantially from their 50-day and 200-day moving averages, but insiders have sold 258,468 shares worth about $2.35 million over the past three months, presenting a potential cautionary signal.

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

A number of other research firms also recently issued reports on NEXN. Weiss Ratings downgraded Nexxen International from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday. Needham & Company LLC increased their price objective on shares of Nexxen International from $10.50 to $13.00 and gave the stock a "buy" rating in a research note on Wednesday. Royal Bank Of Canada raised their price objective on shares of Nexxen International from $11.00 to $13.00 and gave the stock an "outperform" rating in a report on Thursday. Canaccord Genuity Group boosted their target price on shares of Nexxen International from $11.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday. Finally, BTIG Research upped their target price on shares of Nexxen International from $10.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Nexxen International currently has an average rating of "Moderate Buy" and a consensus price target of $12.89.

Nexxen International Stock Down 2.5%

Shares of Nexxen International stock opened at $10.47 on Friday. The company's 50 day moving average is $9.62 and its 200 day moving average is $7.94. The company has a market cap of $589.25 million, a price-to-earnings ratio of 47.59 and a beta of 1.60. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.05. Nexxen International has a twelve month low of $5.60 and a twelve month high of $11.30.

Nexxen International (NASDAQ:NEXN - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.03. The firm had revenue of $100.52 million for the quarter, compared to the consensus estimate of $93.09 million. Nexxen International had a return on equity of 7.03% and a net margin of 3.41%. Research analysts anticipate that Nexxen International will post 0.75 EPS for the current year.

Insider Transactions at Nexxen International

In other Nexxen International news, CFO Sagi Niri sold 17,578 shares of the company's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $10.51, for a total value of $184,744.78. Following the completion of the sale, the chief financial officer owned 126,488 shares in the company, valued at $1,329,388.88. This represents a 12.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 258,468 shares of company stock worth $2,350,050 over the last three months.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NEXN. California State Teachers Retirement System purchased a new stake in Nexxen International in the 2nd quarter worth approximately $25,000. Pinnacle Holdings LLC bought a new stake in Nexxen International during the 2nd quarter worth approximately $42,000. Quantbot Technologies LP bought a new stake in Nexxen International during the 3rd quarter worth approximately $43,000. Jump Financial LLC purchased a new position in Nexxen International during the fourth quarter valued at approximately $95,000. Finally, New York State Common Retirement Fund purchased a new position in Nexxen International during the second quarter valued at approximately $124,000. 54.24% of the stock is owned by hedge funds and other institutional investors.

Key Nexxen International News

Here are the key news stories impacting Nexxen International this week:

• Positive Sentiment: Quarterly results exceeded expectations. Nexxen reported adjusted earnings of $0.23 per share versus the $0.20 consensus estimate, while revenue of $100.52 million surpassed expectations of $93.09 million. Nexxen International Q2 2026 earnings
• Positive Sentiment: Connected TV performance was a key highlight. RBC identified Nexxen’s second-quarter connected-TV revenue as a standout, supporting the company’s position in the growing programmatic and streaming advertising markets. RBC analysis of Nexxen’s Q2 connected TV revenue
• Positive Sentiment: Analysts raised their valuation expectations. Royal Bank of Canada, Scotiabank and Canaccord Genuity each lifted their price target to $13 and maintained bullish ratings. Rosenblatt Securities reaffirmed its “buy” rating with a $16 target, while separate reports from BTIG Research and Needham also projected further appreciation. Analyst price-target updates BTIG Research forecast Needham analyst outlook
• Neutral Sentiment: The positive earnings release and analyst revisions may already be partly reflected in the share price. Nexxen trades well above its 50-day and 200-day moving averages and near its 52-week high, which can encourage short-term profit-taking despite favorable fundamentals.

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. Its sell supply side platform (SSP) provides access to data and a comprehensive product suite to drive inventory management and revenue optimization. The company also offers data management platform solution, which integrates DSP and SSP solutions enabling advertisers and publishers to use data from various sources in order to optimize results of their advertising campaigns.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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