Rice Hall James & Associates LLC Acquires 262,961 Shares of Nexxen International Ltd. (NASDAQ:NEXN)

Rice Hall James & Associates LLC lifted its holdings in Nexxen International Ltd. (NASDAQ:NEXN) by 86.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 567,544 shares of the company’s stock after buying an additional 262,961 shares during the quarter. Rice Hall James & Associates LLC owned about 0.87% of Nexxen International worth $5,687,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings 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 valued at $466,000 after buying an additional 11,346 shares during the last quarter. Tidal Investments LLC increased its position in Nexxen International by 4.6% in the third quarter. Tidal Investments LLC now owns 48,072 shares of the company’s stock worth $386,000 after purchasing an additional 2,125 shares during the period. Quadrature Capital Ltd acquired a new stake in Nexxen International in the third quarter worth about $123,000. D.A. Davidson & CO. acquired a new stake in Nexxen International in the fourth quarter worth about $121,000. Finally, GAMMA Investing LLC increased its position in Nexxen International by 2,021.9% in the fourth quarter. GAMMA Investing LLC now owns 8,424 shares of the company’s stock worth $84,000 after purchasing an additional 8,027 shares during the period. 54.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

NEXN has been the subject of a number of research reports. Royal Bank of Canada lifted their price objective on Nexxen International from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Needham & Company LLC lifted their price objective on Nexxen International from $9.50 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $11.00 price objective on shares of Nexxen International in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.20.

Nexxen International Price Performance

Nexxen International stock opened at $10.30 on Tuesday. The firm has a market capitalization of $667.23 million, a P/E ratio of 257.50 and a beta of 1.89. Nexxen International Ltd. has a 1 year low of $4.71 and a 1 year high of $10.94. The business has a 50-day moving average of $9.94 and a 200-day moving average of $8.70. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.04.

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.