Rock Point Advisors LLC Raises Holdings in Nexxen International Ltd. Sponsored ADR $NEXN

Rock Point Advisors LLC lifted its holdings in Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) by 42.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 950,517 shares of the company’s stock after purchasing an additional 283,295 shares during the quarter. Nexxen International comprises 1.6% of Rock Point Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Rock Point Advisors LLC’s holdings in Nexxen International were worth $6,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. California State Teachers Retirement System acquired a new position in Nexxen International during the second quarter worth about $25,000. Quantbot Technologies LP purchased a new stake in Nexxen International in the 3rd quarter valued at approximately $43,000. SG Americas Securities LLC acquired a new stake in shares of Nexxen International during the third quarter valued at $102,000. New York State Common Retirement Fund acquired a new stake in shares of Nexxen International during the 2nd quarter worth about $124,000. Finally, FourThought Financial Partners LLC acquired a new stake in Nexxen International during the third quarter worth approximately $168,000. 54.24% of the stock is owned by institutional investors and hedge funds.

Nexxen International Price Performance

Shares of Nexxen International stock opened at $7.43 on Wednesday. The business’s fifty day moving average price is $7.07 and its 200 day moving average price is $6.77. Nexxen International Ltd. Sponsored ADR has a twelve month low of $5.60 and a twelve month high of $12.60. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $418.16 million, a P/E ratio of 18.12 and a beta of 1.61.

Nexxen International (NASDAQ:NEXN) last announced its quarterly earnings results on Sunday, March 22nd. The company reported $0.09 EPS for the quarter. The company had revenue of $71.01 million during the quarter. Nexxen International had a return on equity of 9.47% and a net margin of 6.87%. As a group, research analysts anticipate that Nexxen International Ltd. Sponsored ADR will post 0.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Rosenblatt Securities lifted their price objective on Nexxen International from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Needham & Company LLC decreased their price target on Nexxen International from $9.00 to $7.50 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nexxen International in a research note on Thursday, January 22nd. Scotiabank decreased their target price on shares of Nexxen International from $12.00 to $10.00 and set a “sector outperform” rating on the stock in a research report on Thursday, March 5th. Finally, BTIG Research lowered their target price on shares of Nexxen International from $10.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.69.

Nexxen International Company 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.