Nexxen International Ltd. (NASDAQ:NEXN) Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its position in shares of Nexxen International Ltd. (NASDAQ:NEXN) by 221.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,704 shares of the company’s stock after purchasing an additional 3,931 shares during the period. Blue Trust Inc.’s holdings in Nexxen International were worth $46,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rock Point Advisors LLC purchased a new stake in Nexxen International in the 2nd quarter valued at approximately $3,562,000. Renaissance Technologies LLC acquired a new position in shares of Nexxen International during the 2nd quarter worth approximately $810,000. Dimensional Fund Advisors LP acquired a new position in shares of Nexxen International during the 2nd quarter worth approximately $451,000. Vanguard Personalized Indexing Management LLC acquired a new position in Nexxen International in the 2nd quarter valued at $141,000. Finally, Marshall Wace LLP acquired a new position in Nexxen International in the 2nd quarter valued at $136,000. Hedge funds and other institutional investors own 54.24% of the company’s stock.

Nexxen International Price Performance

Shares of NASDAQ:NEXN opened at $8.13 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market cap of $544.95 million, a price-to-earnings ratio of -116.13 and a beta of 1.86. Nexxen International Ltd. has a 12 month low of $3.37 and a 12 month high of $8.69. The stock’s 50 day moving average price is $7.84 and its 200 day moving average price is $6.78.

Nexxen International (NASDAQ:NEXN) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The firm had revenue of $88.58 million for the quarter, compared to analysts’ expectations of $85.75 million. Nexxen International had a positive return on equity of 5.92% and a negative net margin of 0.57%. During the same quarter in the previous year, the firm posted $0.03 earnings per share. Equities research analysts anticipate that Nexxen International Ltd. will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NEXN has been the subject of a number of research reports. Royal Bank of Canada upped their price target on shares of Nexxen International from $9.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Lake Street Capital upped their target price on shares of Nexxen International from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Needham & Company LLC increased their price objective on shares of Nexxen International from $6.50 to $8.50 and gave the stock a “buy” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $9.10.

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.