Nexxen International (NASDAQ:NEXN) Earns Market Outperform Rating from JMP Securities

JMP Securities reiterated their market outperform rating on shares of Nexxen International (NASDAQ:NEXNFree Report) in a report issued on Monday,Benzinga reports. They currently have a $11.00 price target on the stock.

Several other research firms have also recently weighed in on NEXN. Royal Bank of Canada lifted their price objective on Nexxen International from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Needham & Company LLC upped their price target on shares of Nexxen International from $9.50 to $12.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.20.

View Our Latest Stock Report on Nexxen International

Nexxen International Stock Performance

Shares of Nexxen International stock opened at $9.26 on Monday. Nexxen International has a 12 month low of $4.61 and a 12 month high of $10.94. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $604.49 million, a PE ratio of 231.50 and a beta of 1.90. The stock’s fifty day simple moving average is $9.97 and its 200 day simple moving average is $8.34.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Guinness Atkinson Asset Management Inc bought a new stake in shares of Nexxen International during the 3rd quarter worth approximately $31,000. Blue Trust Inc. lifted its stake in Nexxen International by 221.7% in the third quarter. Blue Trust Inc. now owns 5,704 shares of the company’s stock valued at $46,000 after acquiring an additional 3,931 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Nexxen International by 2,021.9% in the 4th quarter. GAMMA Investing LLC now owns 8,424 shares of the company’s stock valued at $84,000 after acquiring an additional 8,027 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Nexxen International during the 3rd quarter worth about $123,000. Finally, Marshall Wace LLP bought a new stake in shares of Nexxen International in the 2nd quarter valued at about $136,000. Institutional investors and hedge funds own 54.24% of the company’s stock.

About Nexxen International

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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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Analyst Recommendations for Nexxen International (NASDAQ:NEXN)

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