Rosenblatt Securities Reiterates Buy Rating for Nexxen International (NASDAQ:NEXN)

Key Points

• Rosenblatt Securities reiterated a “Buy” rating on Nexxen International and set a $16 price target, implying approximately 49% upside from the prior close.
• Nexxen reported quarterly EPS of $0.23 and revenue of $100.52 million, exceeding analyst estimates of $0.22 and $94.37 million, respectively.
• Analyst sentiment remains favorable: nine analysts rate the stock “Buy” and one rates it “Hold,” producing a consensus “Moderate Buy” rating and an average target price of $12.22.

Nexxen International (NASDAQ:NEXN - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Rosenblatt Securities in a report issued on Thursday,Benzinga reports. They presently have a $16.00 target price on the stock. Rosenblatt Securities' price objective suggests a potential upside of 48.98% from the company's previous close.

Other equities analysts have also recently issued reports about the company. Needham & Company LLC lifted their price target on Nexxen International from $10.50 to $13.00 and gave the company a "buy" rating in a research report on Wednesday. Craig Hallum upgraded shares of Nexxen International from a "hold" rating to a "buy" rating and set a $12.00 target price for the company in a report on Thursday, July 9th. BTIG Research lifted their price target on shares of Nexxen International from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday. Raymond James Financial upped their price target on Nexxen International from $9.00 to $11.00 and gave the company an "outperform" rating in a report on Wednesday, June 17th. Finally, Scotiabank increased their price objective on Nexxen International from $10.00 to $11.00 and gave the company a "sector outperform" rating in a research report on Wednesday, June 17th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Nexxen International has an average rating of "Moderate Buy" and a consensus target price of $12.22.

Nexxen International Stock Performance

Shares of NEXN stock opened at $10.74 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $9.53 and a two-hundred day moving average of $7.89. Nexxen International has a 52 week low of $5.60 and a 52 week high of $11.13. The company has a market cap of $604.45 million, a P/E ratio of 35.80 and a beta of 1.60.

Nexxen International (NASDAQ:NEXN - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $100.52 million for the quarter, compared to the consensus estimate of $94.37 million. Nexxen International had a return on equity of 7.78% and a net margin of 4.85%. As a group, analysts anticipate that Nexxen International will post 0.75 EPS for the current year.

Insider Activity at Nexxen International

In other news, CFO Sagi Niri sold 17,578 shares of Nexxen International stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $10.51, for a total transaction of $184,744.78. Following the transaction, the chief financial officer owned 126,488 shares in the company, valued at approximately $1,329,388.88. The trade was a 12.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 258,468 shares of company stock valued at $2,350,050 over the last ninety days.

Hedge Funds Weigh In On Nexxen International

Institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System purchased a new position in Nexxen International in the second quarter valued at about $25,000. Pinnacle Holdings LLC bought a new stake in shares of Nexxen International in the 2nd quarter valued at approximately $42,000. Quantbot Technologies LP acquired a new position in Nexxen International in the third quarter worth approximately $43,000. Legato Capital Management LLC raised its position in Nexxen International by 23.8% during the fourth quarter. Legato Capital Management LLC now owns 25,028 shares of the company's stock valued at $164,000 after acquiring an additional 4,815 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Nexxen International by 69.5% in the second quarter. GAMMA Investing LLC now owns 16,496 shares of the company's stock valued at $149,000 after acquiring an additional 6,764 shares during the last quarter. Hedge funds and other institutional investors own 54.24% of the company's stock.

Trending Headlines about Nexxen International

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

• Positive Sentiment: Record results and higher guidance: Nexxen reported second-quarter EPS of $0.23 versus the $0.22 consensus estimate, while revenue of $100.52 million exceeded expectations of $94.37 million. The company also delivered record quarterly Contribution ex-TAC and programmatic revenue, including an all-time high in connected-TV revenue, and raised its full-year 2026 guidance for both metrics for the third time this year. Nexxen Reports Record Second Quarter 2026 Financial Results
• Positive Sentiment: Analysts raised targets and maintained buy ratings: BTIG Research increased its price target from $10 to $13, while Needham lifted its target from $10.50 to $13. Both firms assigned a “buy” rating, signaling greater confidence in Nexxen’s growth prospects following the quarterly report. Analyst Price Target Reports
• Positive Sentiment: Growth strategy receives additional leadership support: Nexxen appointed Chance Johnson as president, Kara Puccinelli as chief commercial officer, and Kenneth Suh as chief business officer. The company said the appointments are intended to accelerate enterprise growth across its unified advertising platform. Nexxen Names Chance Johnson President
• Neutral Sentiment: Short-interest data provides no usable signal: Reported short interest remained at zero shares, with zero days to cover, so it does not indicate meaningful short-covering pressure or bearish positioning.

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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