Nexxen International (NASDAQ:NEXN) Stock Rating Upgraded by Wall Street Zen

Nexxen International (NASDAQ:NEXN) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

NEXN has been the topic of several other reports. Scotiabank initiated coverage on Nexxen International in a report on Monday, March 31st. They issued a “sector outperform” rating and a $17.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and set a $16.00 price target on shares of Nexxen International in a report on Friday, May 30th. Craig Hallum started coverage on Nexxen International in a report on Thursday, April 10th. They issued a “buy” rating and a $15.00 target price on the stock. JMP Securities reiterated a “market outperform” rating and issued a $15.00 target price on shares of Nexxen International in a report on Friday, May 23rd. Finally, Royal Bank Of Canada lifted their price objective on Nexxen International from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Monday, May 12th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $15.33.

Nexxen International Stock Performance

Nexxen International stock opened at $9.74 on Friday. The business has a 50 day moving average of $10.71 and a 200-day moving average of $12.00. Nexxen International has a 1 year low of $6.93 and a 1 year high of $21.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market capitalization of $617.71 million, a P/E ratio of 19.10 and a beta of 1.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JB Capital Partners LP raised its holdings in shares of Nexxen International by 2,490.0% during the first quarter. JB Capital Partners LP now owns 3,492,557 shares of the company’s stock valued at $29,163,000 after acquiring an additional 3,357,707 shares during the last quarter. Jump Financial LLC purchased a new position in Nexxen International in the first quarter worth approximately $146,000. Quantbot Technologies LP purchased a new position in shares of Nexxen International during the first quarter worth $153,000. Navellier & Associates Inc. boosted its position in shares of Nexxen International by 1.2% during the first quarter. Navellier & Associates Inc. now owns 99,374 shares of the company’s stock worth $830,000 after buying an additional 1,182 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Nexxen International during the first quarter worth $174,000. 54.24% of the stock is currently owned by hedge funds and other institutional investors.

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.