Stifel Nicolaus Raises Nexxen International (NASDAQ:NEXN) Price Target to $6.00

Nexxen International (NASDAQ:NEXN) had its price target increased by analysts at Stifel Nicolaus from $5.50 to $6.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock.

A number of other brokerages have also recently issued reports on NEXN. JMP Securities restated a “market outperform” rating and set a $11.00 target price on shares of Nexxen International in a report on Thursday, March 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $8.00 price objective on shares of Nexxen International in a report on Thursday, March 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $6.50 target price on shares of Nexxen International in a research note on Tuesday.

Nexxen International Stock Up 1.5 %

Shares of NEXN stock traded up $0.09 during trading hours on Tuesday, reaching $6.00. 27,075 shares of the company’s stock were exchanged, compared to its average volume of 57,903. Nexxen International has a fifty-two week low of $3.15 and a fifty-two week high of $7.76. The company has a market capitalization of $417.60 million, a PE ratio of -40.13 and a beta of 1.81. The business’s fifty day simple moving average is $5.40. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.23.

Nexxen International (NASDAQ:NEXN) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.14). Nexxen International had a positive return on equity of 2.94% and a negative net margin of 6.47%. The company had revenue of $95.90 million for the quarter, compared to analyst estimates of $91.75 million. During the same quarter in the prior year, the company earned $0.09 earnings per share. As a group, research analysts expect that Nexxen International will post 0.65 EPS for the current fiscal year.

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.