Canaccord Genuity Group Forecasts Strong Price Appreciation for Nexxen International (NASDAQ:NEXN) Stock

Nexxen International (NASDAQ:NEXN) had its target price increased by equities researchers at Canaccord Genuity Group from $11.00 to $13.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 24.16% from the company’s previous close.

Other analysts have also issued reports about the stock. Raymond James Financial increased their price target on shares of Nexxen International from $9.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Rosenblatt Securities reissued a “buy” rating and set a $16.00 price objective on shares of Nexxen International in a report on Thursday. BTIG Research boosted their price target on Nexxen International from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank Of Canada increased their price objective on Nexxen International from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Scotiabank lifted their target price on Nexxen International from $11.00 to $13.00 and gave the stock a “sector outperform” rating in a report on Thursday. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Nexxen International currently has a consensus rating of “Moderate Buy” and an average price target of $12.89.

Nexxen International Trading Down 2.5%

Shares of NEXN opened at $10.47 on Thursday. The stock has a market capitalization of $589.25 million, a PE ratio of 47.59 and a beta of 1.60. The company’s fifty day moving average is $9.62 and its 200 day moving average is $7.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.26. Nexxen International has a fifty-two week low of $5.60 and a fifty-two week high of $11.30.

Nexxen International (NASDAQ:NEXN) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Nexxen International had a return on equity of 7.03% and a net margin of 3.41%.The company had revenue of $100.52 million during the quarter, compared to the consensus estimate of $93.09 million. Sell-side analysts expect that Nexxen International will post 0.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Nexxen International news, CFO Sagi Niri sold 68,886 shares of Nexxen International stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $9.08, for a total transaction of $625,484.88. Following the transaction, the chief financial officer directly owned 381,856 shares of the company’s stock, valued at $3,467,252.48. The trade was a 15.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 worth $2,350,050 over the last quarter.

Institutional Trading of Nexxen International

A number of institutional investors and hedge funds have recently bought and sold shares of NEXN. Geode Capital Management LLC grew its position in shares of Nexxen International by 1,062.0% during the second quarter. Geode Capital Management LLC now owns 509,808 shares of the company’s stock worth $5,307,000 after buying an additional 465,936 shares in the last quarter. Rhumbline Advisers raised its holdings in Nexxen International by 1,244.5% in the second quarter. Rhumbline Advisers now owns 59,926 shares of the company’s stock valued at $624,000 after acquiring an additional 55,469 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Nexxen International in the 2nd quarter valued at approximately $124,000. California State Teachers Retirement System acquired a new position in shares of Nexxen International during the second quarter worth $25,000. Finally, BNP Paribas Financial Markets increased its holdings in Nexxen International by 354.1% in the second quarter. BNP Paribas Financial Markets now owns 122,106 shares of the company’s stock valued at $1,271,000 after buying an additional 95,219 shares during the last quarter. 54.24% of the stock is currently owned by hedge funds and other institutional investors.

Nexxen International News Roundup

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

• Positive Sentiment: Quarterly results exceeded expectations. Nexxen reported adjusted earnings of $0.23 per share versus the $0.20 consensus estimate, while revenue of $100.52 million surpassed expectations of $93.09 million. Nexxen International Q2 2026 earnings
• Positive Sentiment: Connected TV performance was a key highlight. RBC identified Nexxen’s second-quarter connected-TV revenue as a standout, supporting the company’s position in the growing programmatic and streaming advertising markets. RBC analysis of Nexxen’s Q2 connected TV revenue
• Positive Sentiment: Analysts raised their valuation expectations. Royal Bank of Canada, Scotiabank and Canaccord Genuity each lifted their price target to $13 and maintained bullish ratings. Rosenblatt Securities reaffirmed its “buy” rating with a $16 target, while separate reports from BTIG Research and Needham also projected further appreciation. Analyst price-target updates BTIG Research forecast Needham analyst outlook
• Neutral Sentiment: The positive earnings release and analyst revisions may already be partly reflected in the share price. Nexxen trades well above its 50-day and 200-day moving averages and near its 52-week high, which can encourage short-term profit-taking despite favorable fundamentals.

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.