Virtu Financial LLC Invests $110,000 in Nexxen International Ltd. (NASDAQ:NEXN)

Virtu Financial LLC purchased a new position in Nexxen International Ltd. (NASDAQ:NEXN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,990 shares of the company’s stock, valued at approximately $110,000.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Nexxen International by 2,021.9% in the 4th quarter. GAMMA Investing LLC now owns 8,424 shares of the company’s stock valued at $84,000 after acquiring an additional 8,027 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Nexxen International by 24.3% in the third quarter. JPMorgan Chase & Co. now owns 57,998 shares of the company’s stock worth $466,000 after purchasing an additional 11,346 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of Nexxen International during the fourth quarter valued at $121,000. Tidal Investments LLC boosted its position in shares of Nexxen International by 4.6% during the third 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 during the last quarter. Finally, Rice Hall James & Associates LLC increased its holdings in Nexxen International by 86.3% in the 4th quarter. Rice Hall James & Associates LLC now owns 567,544 shares of the company’s stock worth $5,687,000 after buying an additional 262,961 shares in the last quarter. Institutional investors own 54.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Royal Bank of Canada upped their target price on shares of Nexxen International from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. JMP Securities restated a “market outperform” rating and set a $22.00 price objective on shares of Nexxen International in a research report on Monday, January 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 target price on shares of Nexxen International in a research report on Thursday, March 6th. Finally, Canaccord Genuity Group assumed coverage on Nexxen International in a report on Wednesday, March 26th. They set a “buy” rating and a $12.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Nexxen International Stock Performance

NEXN opened at $7.62 on Monday. The company has a fifty day moving average of $12.54 and a 200 day moving average of $15.96. Nexxen International Ltd. has a fifty-two week low of $6.93 and a fifty-two week high of $21.88. The stock has a market capitalization of $483.24 million, a price-to-earnings ratio of 190.50 and a beta of 1.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.43 and a current ratio of 1.43.

Nexxen International announced that its Board of Directors has initiated a stock buyback program on Wednesday, March 5th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 8.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.