Nexxen International (NASDAQ:NEXN) Price Target Raised to $12.00

Nexxen International (NASDAQ:NEXN) had its target price hoisted by Needham & Company LLC from $9.50 to $12.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently weighed in on NEXN. Royal Bank of Canada increased their target price on Nexxen International from $9.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Lake Street Capital increased their price objective on shares of Nexxen International from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.80.

Nexxen International Trading Down 1.6 %

Shares of NEXN stock opened at $9.85 on Tuesday. The stock has a market capitalization of $653.99 million, a P/E ratio of 246.25 and a beta of 1.93. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $8.66 and its 200 day moving average is $7.48. Nexxen International has a 12-month low of $4.17 and a 12-month high of $10.47.

Institutional Investors Weigh In On Nexxen International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rock Point Advisors LLC purchased a new stake in shares of Nexxen International in the second quarter worth $3,562,000. Rice Hall James & Associates LLC purchased a new stake in Nexxen International in the 3rd quarter worth $2,449,000. Renaissance Technologies LLC bought a new stake in Nexxen International during the second quarter valued at about $810,000. Dimensional Fund Advisors LP purchased a new position in shares of Nexxen International in the second quarter valued at about $451,000. Finally, Tidal Investments LLC boosted its stake in shares of Nexxen International by 4.6% in the third quarter. Tidal Investments LLC now owns 48,072 shares of the company’s stock worth $386,000 after acquiring an additional 2,125 shares during the period. 54.24% of the stock is owned by hedge funds and other institutional investors.

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.