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

Shares of Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) have earned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $11.6111.

A number of equities research analysts have issued reports on the company. BTIG Research boosted their price target on Nexxen International from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Wall Street Zen upgraded shares of Nexxen International from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Royal Bank Of Canada raised their price objective on shares of Nexxen International from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Craig Hallum upgraded shares of Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Thursday, July 9th. Finally, Raymond James Financial upped their target price on shares of Nexxen International from $9.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th.

Nexxen International Trading Up 2.3%

Shares of NEXN stock opened at $9.87 on Tuesday. Nexxen International has a 12-month low of $5.60 and a 12-month high of $11.59. 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 firm’s 50 day moving average is $8.53 and its 200 day moving average is $7.26. The stock has a market capitalization of $555.48 million, a P/E ratio of 32.90 and a beta of 1.62.

Nexxen International (NASDAQ:NEXN) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.06 EPS for the quarter. Nexxen International had a return on equity of 7.78% and a net margin of 4.85%.The company had revenue of $86.84 million during the quarter. Research analysts expect that Nexxen International will post 0.75 earnings per share for the current year.

Insider Activity

In other news, CFO Sagi Niri sold 3,655 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $9.73, for a total transaction of $35,563.15. Following the completion of the sale, the chief financial officer owned 328,176 shares of the company’s stock, valued at $3,193,152.48. The trade was a 1.10% decrease in their position. 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. Over the last ninety days, insiders have sold 240,890 shares of company stock worth $2,165,305.

Hedge Funds Weigh In On Nexxen International

A number of institutional investors 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 valued at $5,307,000 after purchasing an additional 465,936 shares during the period. Rhumbline Advisers raised its stake in shares of Nexxen International by 1,244.5% in the second quarter. Rhumbline Advisers now owns 59,926 shares of the company’s stock worth $624,000 after buying an additional 55,469 shares during the period. New York State Common Retirement Fund bought a new position in shares of Nexxen International in the second quarter worth about $124,000. California State Teachers Retirement System bought a new position in shares of Nexxen International in the second quarter worth about $25,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Nexxen International by 354.1% during the 2nd 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 in the last quarter. 54.24% of the stock is owned by institutional investors.

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.