Nexxen International (NEXN) Projected to Post Earnings on Wednesday

Nexxen International (NASDAQ:NEXN) is expected to issue its quarterly earnings data before the market opens on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $107.60 million for the quarter.

Nexxen International Trading Down 2.9 %

Shares of NASDAQ NEXN opened at $8.26 on Wednesday. Nexxen International has a 1-year low of $4.71 and a 1-year high of $11.00. The company has a market cap of $532.98 million, a PE ratio of 206.50 and a beta of 1.89. 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 50-day moving average of $18.40 and a two-hundred day moving average of $17.15.

Analyst Upgrades and Downgrades

NEXN has been the subject of a number of research analyst reports. Needham & Company LLC boosted their target price on shares of Nexxen International from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 target price on shares of Nexxen International in a research note on Monday, January 27th. Finally, Royal Bank of Canada boosted their price target on shares of Nexxen International from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.40.

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.