Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) have received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $11.6111.

A number of analysts recently commented on the company. Craig Hallum upgraded Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Thursday, July 9th. Needham & Company LLC raised their target price on Nexxen International from $8.50 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Rosenblatt Securities reiterated a “buy” rating and set a $16.00 target price on shares of Nexxen International in a research note on Wednesday, June 17th. Raymond James Financial lifted their target price on Nexxen International from $9.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. Finally, BTIG Research boosted their price target on shares of Nexxen International from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th.

Insider Buying and Selling

In other Nexxen International news, CFO Sagi Niri sold 3,655 shares of Nexxen International stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $9.73, for a total value of $35,563.15. Following the sale, the chief financial officer owned 328,176 shares of the company’s stock, valued at approximately $3,193,152.48. The trade was a 1.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 240,890 shares of company stock valued at $2,165,305 over the last 90 days.

Institutional Investors Weigh In On Nexxen International

Several large investors have recently modified their holdings of the stock. California State Teachers Retirement System bought a new stake in shares of Nexxen International in the 2nd quarter worth approximately $25,000. Quantbot Technologies LP bought a new position in Nexxen International during the third quarter valued at $43,000. Jump Financial LLC bought a new position in Nexxen International during the fourth quarter valued at $95,000. New York State Common Retirement Fund purchased a new stake in Nexxen International in the second quarter worth $124,000. Finally, GAMMA Investing LLC increased its position in Nexxen International by 69.5% in the second 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. Hedge funds and other institutional investors own 54.24% of the company’s stock.

Nexxen International Trading Down 2.1%

NASDAQ:NEXN opened at $10.16 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $571.80 million, a price-to-earnings ratio of 33.87 and a beta of 1.62. Nexxen International has a 52 week low of $5.60 and a 52 week high of $11.59. The firm has a 50-day moving average price of $8.73 and a two-hundred day moving average price of $7.35.

Nexxen International (NASDAQ:NEXN) last announced its earnings results on Wednesday, April 1st. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $86.84 million for the quarter. Nexxen International had a return on equity of 7.78% and a net margin of 4.85%. On average, equities analysts expect that Nexxen International will post 0.75 earnings per share for the current fiscal year.

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.