Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) Stock Has Average Price Target of $12.89

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) has earned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $12.89.

NEXN has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price target on Nexxen International from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Needham & Company LLC lifted their price objective on shares of Nexxen International from $10.50 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Scotiabank boosted their target price on shares of Nexxen International from $11.00 to $13.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 13th. Raymond James Financial upped their target price on shares of Nexxen International from $9.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Finally, Canaccord Genuity Group raised their price target on shares of Nexxen International from $11.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, August 13th.

Insider Transactions at Nexxen International

In other news, CFO Sagi Niri sold 17,578 shares of Nexxen International stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $10.51, for a total transaction of $184,744.78. Following the sale, the chief financial officer directly owned 126,488 shares of the company’s stock, valued at approximately $1,329,388.88. The trade was a 12.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Daniel Kerstein sold 11,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $10.38, for a total value of $114,180.00. Following the completion of the transaction, the director owned 34,678 shares in the company, valued at approximately $359,957.64. This trade represents a 24.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 32,432 shares of company stock valued at $336,386.

Institutional Investors Weigh In On Nexxen International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pinnacle Holdings LLC purchased a new position in shares of Nexxen International during the 2nd quarter valued at approximately $42,000. Brandywine Trust Co. acquired a new stake in shares of Nexxen International during the second quarter worth approximately $143,000. GAMMA Investing LLC increased its stake in shares of Nexxen International by 69.5% in the second quarter. GAMMA Investing LLC now owns 16,496 shares of the company’s stock worth $149,000 after buying an additional 6,764 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Nexxen International in the second quarter worth $826,000. 54.24% of the stock is currently owned by hedge funds and other institutional investors.

Nexxen International Stock Up 0.8%

Shares of Nexxen International stock opened at $9.07 on Friday. Nexxen International has a twelve month low of $5.60 and a twelve month high of $11.30. The stock has a market cap of $516.54 million, a price-to-earnings ratio of 41.23 and a beta of 1.61. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $9.79 and a 200 day moving average price of $8.68.

Nexxen International (NASDAQ:NEXN) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $100.52 million for the quarter, compared to analysts’ expectations of $93.09 million. Nexxen International had a return on equity of 7.03% and a net margin of 3.41%. Equities research analysts forecast that Nexxen International will post 0.73 earnings per share for the current fiscal year.

Nexxen International Company Profile

Nexxen International Ltd. is a global advertising technology company that provides solutions for advertisers, advertising agencies, publishers and media owners. Its platform supports the planning, buying, delivery and measurement of digital advertising campaigns across connected television, streaming video, online video, display, mobile and other digital media channels.

The company offers data-driven audience targeting, programmatic media buying, campaign optimization, creative and interactive advertising formats, and measurement and attribution services.