Vanguard Personalized Indexing Management LLC bought a new position in shares of Nexxen International Ltd. (NASDAQ:NEXN – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 25,076 shares of the company’s stock, valued at approximately $141,000.
Other large investors have also recently added to or reduced their stakes in the company. Rock Point Advisors LLC bought a new position in Nexxen International during the 2nd quarter worth about $3,562,000. Dimensional Fund Advisors LP bought a new position in Nexxen International during the 2nd quarter worth about $451,000. Finally, Renaissance Technologies LLC bought a new position in Nexxen International during the 2nd quarter worth about $810,000. Institutional investors own 54.24% of the company’s stock.
Nexxen International Price Performance
Shares of NEXN stock opened at $8.04 on Tuesday. The firm has a 50 day moving average price of $7.31 and a two-hundred day moving average price of $6.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.47 and a current ratio of 1.47. Nexxen International Ltd. has a 12-month low of $3.15 and a 12-month high of $8.45.
Analysts Set New Price Targets
Several brokerages have recently weighed in on NEXN. Lake Street Capital raised their price objective on Nexxen International from $7.00 to $9.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Royal Bank of Canada lifted their price target on Nexxen International from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. JMP Securities reiterated a “market outperform” rating and set a $11.00 price target on shares of Nexxen International in a report on Friday, June 14th. Finally, Needham & Company LLC lifted their price target on Nexxen International from $6.50 to $8.50 and gave the stock a “buy” rating in a report on Friday, August 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Nexxen International presently has an average rating of “Moderate Buy” and a consensus target price of $9.10.
View Our Latest Stock Analysis on Nexxen International
About Nexxen International
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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