Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) has been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $11.1667.

NEXN has been the topic of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $16.00 price objective on shares of Nexxen International in a report on Wednesday. Royal Bank Of Canada upped their price objective on Nexxen International from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Canaccord Genuity Group dropped their price objective on Nexxen International from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Wall Street Zen raised Nexxen International from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Finally, Scotiabank upped their price objective on Nexxen International from $10.00 to $11.00 and gave the stock a “sector outperform” rating in a report on Wednesday.

Key Nexxen International News

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

• Positive Sentiment: Multiple analysts turned more upbeat on Nexxen International, with Raymond James, Scotiabank, BTIG, and Needham all raising price targets, and Rosenblatt reaffirming a buy rating with a $16 target. Article Title
• Positive Sentiment: Additional coverage noted a “moderate buy” consensus and average price target above the current trading range, reinforcing expectations for upside if execution stays strong. Article Title
• Neutral Sentiment: The CFO’s latest stock sale was disclosed as part of a pre-arranged Rule 10b5-1 trading plan, which makes it less concerning than an open-market discretionary sale, though it still adds supply pressure. Article Title
• Negative Sentiment: CFO Sagi Niri sold 34,667 shares recently, extending a pattern of insider selling that may weigh on investor sentiment despite the stock’s strong analyst support. Article Title

Nexxen International Trading Up 0.2%

NASDAQ:NEXN opened at $8.60 on Friday. The firm has a market cap of $484.01 million, a P/E ratio of 28.67 and a beta of 1.64. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is $7.89 and its 200-day simple moving average is $6.96. Nexxen International has a 12-month low of $5.60 and a 12-month high of $11.59.

Nexxen International (NASDAQ:NEXN) last released its earnings results on Wednesday, April 1st. The company reported $0.06 earnings per share (EPS) for the quarter. The business 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%. Equities analysts anticipate that Nexxen International will post 0.73 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Sagi Niri sold 34,667 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $8.78, for a total transaction of $304,376.26. Following the transaction, the chief financial officer owned 459,023 shares of the company’s stock, valued at $4,030,221.94. This represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 110,043 shares of company stock worth $952,147 over the last quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NEXN. Geode Capital Management LLC grew its holdings in 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 acquiring an additional 465,936 shares during the period. Rhumbline Advisers grew its holdings in Nexxen International by 1,244.5% during the second quarter. Rhumbline Advisers now owns 59,926 shares of the company’s stock worth $624,000 after acquiring an additional 55,469 shares during the period. New York State Common Retirement Fund acquired a new position in Nexxen International during the second quarter worth $124,000. California State Teachers Retirement System acquired a new position in Nexxen International during the second quarter worth $25,000. Finally, BNP Paribas Financial Markets boosted its position in Nexxen International by 354.1% during the second quarter. BNP Paribas Financial Markets now owns 122,106 shares of the company’s stock worth $1,271,000 after purchasing an additional 95,219 shares in the last quarter. Institutional investors and hedge funds own 54.24% of the company’s stock.

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.