Nexxen International (NASDAQ:NEXN) Receives Outperform Rating from Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Nexxen International (NASDAQ:NEXN) in a report published on Friday, Benzinga reports. The brokerage currently has a $8.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus upped their target price on Nexxen International from $5.50 to $6.00 and gave the stock a hold rating in a research note on Tuesday, May 21st. Needham & Company LLC reaffirmed a buy rating and issued a $6.50 price objective on shares of Nexxen International in a research note on Tuesday, May 21st. Finally, JMP Securities reiterated a market outperform rating and issued a $11.00 target price on shares of Nexxen International in a research report on Friday, June 14th.

Nexxen International Stock Performance

NEXN opened at $6.13 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. Nexxen International has a 52-week low of $3.15 and a 52-week high of $7.76. The firm has a market cap of $425.30 million, a price-to-earnings ratio of -47.15 and a beta of 1.89. The stock’s fifty day moving average is $5.96.

Nexxen International (NASDAQ:NEXN) last announced its quarterly earnings data on Monday, May 20th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $74.43 million for the quarter, compared to analyst estimates of $73.35 million. Nexxen International had a positive return on equity of 4.86% and a negative net margin of 3.12%. On average, research analysts predict that Nexxen International will post 0.33 earnings per share for the current fiscal year.

About Nexxen International

Nexxen International Ltd. provides end-to-end software platform that enables advertisers to reach publishers Israel. 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.