Scotiabank Forecasts Strong Price Appreciation for Nexxen International (NASDAQ:NEXN) Stock

Key Points

• Scotiabank raised Nexxen International’s price target to $13 from $11 and maintained a “sector outperform” rating, implying 23.81% upside from the previous close. The broader analyst consensus is “Moderate Buy,” with a $12.67 target.
• Nexxen shares fell 2.2% to $10.50, despite quarterly results exceeding expectations: EPS was $0.23 versus $0.22 expected, while revenue reached $100.52 million against a $94.37 million forecast.
• Institutional ownership stands at 54.24%, with several investors increasing or initiating positions, while company insiders sold 258,468 shares worth approximately $2.35 million over the past three months.

Nexxen International (NASDAQ:NEXN - Get Free Report) had its price objective raised by research analysts at Scotiabank from $11.00 to $13.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "sector outperform" rating on the stock. Scotiabank's price objective points to a potential upside of 23.81% from the stock's previous close.

Several other analysts have also issued reports on NEXN. Wall Street Zen raised shares of Nexxen International from a "hold" rating to a "buy" rating in a research report on Saturday, May 23rd. Needham & Company LLC boosted 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. Craig Hallum raised shares of Nexxen International from a "hold" rating to a "buy" rating and set a $12.00 target price on the stock in a report on Thursday, July 9th. Royal Bank Of Canada raised their target price on shares of Nexxen International from $11.00 to $13.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $16.00 price target on shares of Nexxen International in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Nexxen International presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.67.

Nexxen International Stock Down 2.2%

Shares of Nexxen International stock traded down $0.24 on Thursday, hitting $10.50. The company had a trading volume of 235,704 shares, compared to its average volume of 365,318. The firm has a market capitalization of $590.94 million, a P/E ratio of 35.23 and a beta of 1.60. Nexxen International has a twelve month low of $5.60 and a twelve month high of $11.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a 50-day moving average of $9.53 and a 200-day moving average of $7.89.

Nexxen International (NASDAQ:NEXN - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. The business had revenue of $100.52 million during 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%. Research analysts predict that Nexxen International will post 0.75 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Sagi Niri sold 68,886 shares of the business's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $9.08, for a total value of $625,484.88. Following the completion of the transaction, the chief financial officer directly owned 381,856 shares in the company, valued at approximately $3,467,252.48. The trade was a 15.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 valued at $2,350,050 over the last three months.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NEXN. California State Teachers Retirement System purchased a new stake in Nexxen International in the second quarter worth about $25,000. Pinnacle Holdings LLC purchased a new position in shares of Nexxen International during the second quarter valued at approximately $42,000. Quantbot Technologies LP bought a new stake in shares of Nexxen International in the 3rd quarter worth approximately $43,000. Legato Capital Management LLC boosted its position in shares of Nexxen International by 23.8% in the 4th quarter. Legato Capital Management LLC now owns 25,028 shares of the company's stock worth $164,000 after purchasing an additional 4,815 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Nexxen International by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 16,496 shares of the company's stock worth $149,000 after buying an additional 6,764 shares during the last quarter. 54.24% of the stock is currently owned by institutional investors.

Trending Headlines about Nexxen International

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

• Positive Sentiment: Strong quarterly results and higher guidance: Nexxen reported second-quarter EPS of $0.23, ahead of the $0.22 consensus, while revenue of $100.52 million exceeded estimates of $94.37 million. The company delivered record Contribution ex-TAC and programmatic revenue, including an all-time quarterly record for 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: Needham and BTIG each lifted their price target to $13 and assigned a “buy” rating. Rosenblatt Securities reaffirmed its “buy” rating and set a $16 target, implying substantial upside from recent trading levels. Analyst Price Target Updates
• Positive Sentiment: Commercial leadership expanded: 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 as it scales its unified advertising platform. Nexxen Names Chance Johnson President
• Neutral Sentiment: Short-interest data provides little signal: Reported short interest was zero shares, unchanged from the prior period, with a zero-day days-to-cover ratio. This suggests no meaningful short-squeeze or short-selling catalyst based on the available figures.

Nexxen International Company Profile

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source