Nexxen International (NEXN) Projected to Post Earnings on Wednesday

Nexxen International (NASDAQ:NEXN - Get Free Report) is projected to release its Q1 2025 earnings data before the market opens on Wednesday, May 14th. Analysts expect Nexxen International to post earnings of $0.06 per share and revenue of $75.08 million for the quarter.

Nexxen International Stock Up 3.2%

Shares of NASDAQ NEXN traded up $0.37 during trading on Monday, reaching $11.91. 236,755 shares of the stock were exchanged, compared to its average volume of 146,789. The business's 50-day moving average price is $8.72 and its 200 day moving average price is $14.49. Nexxen International has a twelve month low of $6.93 and a twelve month high of $21.88. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $754.98 million, a price-to-earnings ratio of 297.63 and a beta of 1.78.

Nexxen International announced that its Board of Directors has initiated a share repurchase program on Wednesday, March 5th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 8.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms have commented on NEXN. Scotiabank began coverage on shares of Nexxen International in a report on Monday, March 31st. They issued a "sector outperform" rating and a $17.00 price objective for the company. Canaccord Genuity Group boosted their price target on shares of Nexxen International from $12.00 to $14.00 and gave the company a "buy" rating in a report on Monday. Rosenblatt Securities began coverage on shares of Nexxen International in a research report on Tuesday, April 29th. They issued a "buy" rating and a $15.00 target price for the company. JMP Securities reiterated a "market outperform" rating and issued a $22.00 target price on shares of Nexxen International in a research report on Monday, January 27th. Finally, Raymond James 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 report on Monday, May 5th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Nexxen International has a consensus rating of "Moderate Buy" and a consensus target price of $15.40.

Nexxen International Company Profile

Nexxen International Ltd. provides end-to-end software platform that enables advertisers to reach publishers Israel. 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.