Nexxen International (NASDAQ:NEXN) Price Target Raised to $13.00 at Royal Bank of Canada

Nexxen International (NASDAQ:NEXN) had its price objective raised by Royal Bank of Canada from $11.00 to $13.00 in a report issued on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Separately, Needham & Company LLC upped their price target on Nexxen International from $9.50 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.20.

Nexxen International Trading Up 4.8 %

NASDAQ NEXN opened at $10.39 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market capitalization of $683.63 million, a price-to-earnings ratio of 259.75 and a beta of 1.90. Nexxen International has a one year low of $4.61 and a one year high of $10.49. The business’s fifty day moving average is $9.32 and its 200-day moving average is $7.88.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NEXN. Rock Point Advisors LLC bought a new position in shares of Nexxen International during the 2nd quarter valued at about $3,562,000. Rice Hall James & Associates LLC bought a new stake in shares of Nexxen International during the 3rd quarter valued at about $2,449,000. Renaissance Technologies LLC bought a new position in shares of Nexxen International in the 2nd quarter worth approximately $810,000. Dimensional Fund Advisors LP purchased a new stake in shares of Nexxen International in the 2nd quarter worth about $451,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Nexxen International by 24.3% during the third quarter. JPMorgan Chase & Co. now owns 57,998 shares of the company’s stock valued at $466,000 after purchasing an additional 11,346 shares during the last quarter. Institutional investors own 54.24% of the company’s stock.

Nexxen International Company Profile

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.