JPMorgan Chase & Co. Raises Position in Nexxen International Ltd. (NASDAQ:NEXN)

JPMorgan Chase & Co. boosted its position in Nexxen International Ltd. (NASDAQ:NEXN) by 24.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,998 shares of the company’s stock after purchasing an additional 11,346 shares during the period. JPMorgan Chase & Co. owned about 0.09% of Nexxen International worth $466,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP bought a new position in shares of Nexxen International during the 2nd quarter worth $451,000. Renaissance Technologies LLC bought a new position in Nexxen International during the second quarter worth about $810,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Nexxen International in the second quarter worth about $141,000. Marshall Wace LLP bought a new stake in shares of Nexxen International in the second quarter valued at approximately $136,000. Finally, Guinness Atkinson Asset Management Inc purchased a new stake in shares of Nexxen International during the 3rd quarter valued at approximately $31,000. 54.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NEXN has been the topic of a number of analyst reports. Royal Bank of Canada boosted their target price on shares of Nexxen International from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. JMP Securities reissued a “market outperform” rating and set a $11.00 price objective on shares of Nexxen International in a report on Monday. Finally, Needham & Company LLC lifted their target price on Nexxen International from $9.50 to $12.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.20.

Nexxen International Price Performance

Shares of NASDAQ NEXN opened at $9.75 on Wednesday. The firm has a market capitalization of $633.99 million, a P/E ratio of 243.75 and a beta of 1.90. 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 stock’s 50-day simple moving average is $9.97 and its two-hundred day simple moving average is $8.36. Nexxen International Ltd. has a twelve month low of $4.61 and a twelve month high of $10.94.

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.