D.A. Davidson & CO. Purchases New Position in Nexxen International Ltd. (NASDAQ:NEXN)

D.A. Davidson & CO. acquired a new stake in Nexxen International Ltd. (NASDAQ:NEXN) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 12,026 shares of the company’s stock, valued at approximately $121,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of Nexxen International by 221.7% in the third quarter. Blue Trust Inc. now owns 5,704 shares of the company’s stock worth $46,000 after acquiring an additional 3,931 shares during the period. Advisors Preferred LLC purchased a new stake in Nexxen International during the 4th quarter worth about $69,000. GAMMA Investing LLC lifted its holdings in Nexxen International by 2,021.9% during the 4th quarter. GAMMA Investing LLC now owns 8,424 shares of the company’s stock worth $84,000 after purchasing an additional 8,027 shares in the last quarter. Quadrature Capital Ltd bought a new position in Nexxen International in the 3rd quarter worth about $123,000. Finally, Tidal Investments LLC grew its holdings in Nexxen International by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 48,072 shares of the company’s stock valued at $386,000 after buying an additional 2,125 shares in the last quarter. Institutional investors own 54.24% of the company’s stock.

Nexxen International Stock Down 1.0 %

Shares of NASDAQ NEXN opened at $8.30 on Friday. 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 business has a 50-day moving average of $17.72 and a 200-day moving average of $16.99. The firm has a market capitalization of $535.56 million, a price-to-earnings ratio of 207.50 and a beta of 1.89. Nexxen International Ltd. has a 12 month low of $4.71 and a 12 month high of $11.00.

Wall Street Analyst Weigh In

NEXN has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on shares of Nexxen International from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Needham & Company LLC increased their target price on shares of Nexxen International from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, JMP Securities reissued a “market outperform” rating and issued a $22.00 price target on shares of Nexxen International in a report on Monday, January 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.40.

Nexxen International 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.