Nexxen International Ltd. Sponsored ADR $NEXN Shares Acquired by Rock Point Advisors LLC

Rock Point Advisors LLC grew its stake in shares of Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) by 14.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 667,222 shares of the company’s stock after acquiring an additional 86,415 shares during the quarter. Nexxen International comprises approximately 1.6% of Rock Point Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Rock Point Advisors LLC owned about 1.05% of Nexxen International worth $6,172,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NEXN. California State Teachers Retirement System purchased a new stake in Nexxen International during the 2nd quarter worth approximately $25,000. Navellier & Associates Inc. lifted its stake in shares of Nexxen International by 4.0% during the third quarter. Navellier & Associates Inc. now owns 110,156 shares of the company’s stock worth $1,019,000 after buying an additional 4,200 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Nexxen International during the third quarter valued at $43,000. Legato Capital Management LLC grew its holdings in shares of Nexxen International by 54.4% during the third quarter. Legato Capital Management LLC now owns 20,213 shares of the company’s stock valued at $187,000 after buying an additional 7,124 shares during the last quarter. Finally, Strs Ohio increased its position in shares of Nexxen International by 14.1% in the 3rd quarter. Strs Ohio now owns 61,400 shares of the company’s stock valued at $568,000 after acquiring an additional 7,600 shares during the period. 54.24% of the stock is currently owned by institutional investors and hedge funds.

Nexxen International Trading Down 0.3%

Shares of NASDAQ:NEXN opened at $6.45 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. Nexxen International Ltd. Sponsored ADR has a 12-month low of $5.60 and a 12-month high of $12.60. The business has a 50 day moving average of $6.19 and a two-hundred day moving average of $7.52. The company has a market capitalization of $366.04 million, a PE ratio of 10.75 and a beta of 1.69.

Nexxen International declared that its Board of Directors has authorized a share repurchase program on Thursday, November 20th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the company to buy up to 9.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Royal Bank Of Canada dropped their price target on Nexxen International from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 target price on shares of Nexxen International in a report on Monday, December 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nexxen International in a report on Thursday, January 22nd. BTIG Research reduced their price target on shares of Nexxen International from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Finally, Craig Hallum downgraded shares of Nexxen International from a “buy” rating to a “hold” rating and set a $8.00 price objective on the stock. in a report on Thursday, November 13th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Nexxen International has an average rating of “Moderate Buy” and a consensus target price of $12.22.

Nexxen International Profile

Tremor International Ltd provides end-to-end software platform that enables advertisers to reach relevant audiences and publishers. 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. Its sell supply side platform (SSP) provides access to data and a comprehensive product suite to drive inventory management and revenue optimization. The company also offers data management platform solution, which integrates DSP and SSP solutions enabling advertisers and publishers to use data from various sources in order to optimize results of their advertising campaigns.