Renaissance Technologies LLC acquired a new stake in shares of Nexxen International Ltd. (NASDAQ:NEXN – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 144,100 shares of the company’s stock, valued at approximately $810,000. Renaissance Technologies LLC owned 0.21% of Nexxen International at the end of the most recent reporting period.
Separately, Dimensional Fund Advisors LP bought a new position in shares of Nexxen International during the second quarter valued at approximately $451,000. 54.24% of the stock is owned by hedge funds and other institutional investors.
Nexxen International Price Performance
Shares of NEXN opened at $7.68 on Tuesday. The stock has a 50 day moving average of $7.46 and a 200-day moving average of $6.42. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.04. Nexxen International Ltd. has a 52 week low of $3.15 and a 52 week high of $8.45. The firm has a market cap of $517.37 million, a price-to-earnings ratio of -59.04 and a beta of 1.86.
Analyst Ratings Changes
A number of equities analysts have issued reports on NEXN shares. Royal Bank of Canada raised their price target on shares of Nexxen International from $9.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Lake Street Capital raised their price target on Nexxen International from $7.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Needham & Company LLC lifted their price target on shares of Nexxen International from $6.50 to $8.50 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, JMP Securities restated a “market outperform” rating and issued a $11.00 price objective on shares of Nexxen International in a research note on Friday, June 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.10.
Get Our Latest Stock Analysis on NEXN
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.
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