Royal Bank of Canada Reaffirms Outperform Rating for Nexxen International (NASDAQ:NEXN)

Royal Bank of Canada reissued their outperform rating on shares of Nexxen International (NASDAQ:NEXNFree Report) in a research report report published on Friday morning, Benzinga reports. Royal Bank of Canada currently has a $8.00 price target on the stock.

Other equities analysts also recently issued reports about the company. Stifel Nicolaus lifted their price target on Nexxen International from $5.50 to $6.00 and gave the stock a hold rating in a research note on Tuesday, May 21st. JMP Securities reiterated a market outperform rating and issued a $11.00 price target on shares of Nexxen International in a research note on Friday, June 14th. Finally, Needham & Company LLC reiterated a buy rating and issued a $6.50 price target on shares of Nexxen International in a research note on Tuesday, May 21st.

Check Out Our Latest Research Report on Nexxen International

Nexxen International Price Performance

Shares of Nexxen International stock opened at $6.13 on Friday. The firm’s 50-day simple moving average is $5.96. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $425.30 million, a P/E ratio of -47.15 and a beta of 1.89. Nexxen International has a 1-year low of $3.15 and a 1-year high of $7.76.

Nexxen International (NASDAQ:NEXNGet Free Report) last announced its earnings results on Monday, May 20th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $74.43 million for the quarter, compared to analyst estimates of $73.35 million. Nexxen International had a negative net margin of 3.12% and a positive return on equity of 4.86%. On average, equities analysts expect that Nexxen International will post 0.33 earnings per share for the current fiscal year.

Nexxen International Company Profile

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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.

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