GAMMA Investing LLC Increases Stock Holdings in Nexxen International Ltd. (NASDAQ:NEXN)

GAMMA Investing LLC lifted its stake in shares of Nexxen International Ltd. (NASDAQ:NEXN) by 2,021.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,424 shares of the company’s stock after buying an additional 8,027 shares during the quarter. GAMMA Investing LLC’s holdings in Nexxen International were worth $84,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Rock Point Advisors LLC purchased a new stake in Nexxen International in the second quarter valued at approximately $3,562,000. Rice Hall James & Associates LLC acquired a new position in shares of Nexxen International in the 3rd quarter valued at $2,449,000. Renaissance Technologies LLC acquired a new position in shares of Nexxen International in the 2nd quarter valued at $810,000. Dimensional Fund Advisors LP purchased a new stake in Nexxen International in the 2nd quarter valued at $451,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Nexxen International during the 2nd quarter worth $141,000. Institutional investors and hedge funds own 54.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Royal Bank of Canada lifted their price objective on shares of Nexxen International from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Needham & Company LLC upped their price objective on Nexxen International from $9.50 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.20.

Nexxen International Stock Down 3.5 %

Shares of NASDAQ:NEXN opened at $9.89 on Friday. Nexxen International Ltd. has a fifty-two week low of $4.61 and a fifty-two week high of $10.94. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.04. The firm’s 50-day simple moving average is $9.55 and its 200-day simple moving average is $8.04. The company has a market cap of $649.25 million, a price-to-earnings ratio of 247.25 and a beta of 1.90.

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.