Brokerages Set Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) PT at $11.61

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) has received an average rating of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $11.6111.

NEXN has been the subject of a number of recent analyst reports. Wall Street Zen raised Nexxen International from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Needham & Company LLC raised their price target on Nexxen International from $8.50 to $10.50 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Scotiabank lifted their price target on Nexxen International from $10.00 to $11.00 and gave the company a “sector outperform” rating in a report on Wednesday, June 17th. BTIG Research upped their price objective on shares of Nexxen International from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Finally, Craig Hallum upgraded shares of Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, July 9th.

Insider Buying and Selling

In related news, CFO Sagi Niri sold 17,578 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $10.51, for a total transaction of $184,744.78. Following the completion of the sale, the chief financial officer owned 126,488 shares of the company’s stock, valued at approximately $1,329,388.88. This represents a 12.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 258,468 shares of company stock worth $2,350,050 in the last ninety days.

Hedge Funds Weigh In On Nexxen International

Several hedge funds and other institutional investors have recently bought and sold shares of NEXN. Rock Point Advisors LLC raised its position in shares of Nexxen International by 42.5% during the 4th quarter. Rock Point Advisors LLC now owns 950,517 shares of the company’s stock valued at $6,216,000 after acquiring an additional 283,295 shares in the last quarter. Strs Ohio boosted its holdings in Nexxen International by 35.7% in the fourth quarter. Strs Ohio now owns 83,300 shares of the company’s stock worth $545,000 after purchasing an additional 21,900 shares during the period. Public Employees Retirement System of Ohio increased its stake in Nexxen International by 328.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 74,102 shares of the company’s stock valued at $485,000 after purchasing an additional 56,808 shares during the last quarter. FourThought Financial Partners LLC bought a new stake in Nexxen International during the third quarter valued at $168,000. Finally, State of Tennessee Department of Treasury raised its holdings in shares of Nexxen International by 470.3% during the second quarter. State of Tennessee Department of Treasury now owns 32,874 shares of the company’s stock worth $342,000 after purchasing an additional 27,110 shares during the period. 54.24% of the stock is owned by institutional investors and hedge funds.

Nexxen International Price Performance

NASDAQ:NEXN opened at $10.75 on Friday. Nexxen International has a 12-month low of $5.60 and a 12-month high of $11.13. The firm has a market cap of $605.05 million, a price-to-earnings ratio of 35.83 and a beta of 1.60. The company’s 50-day moving average is $9.44 and its two-hundred day moving average is $7.83. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04.

Nexxen International (NASDAQ:NEXN) last announced its quarterly earnings data on Wednesday, April 1st. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $86.84 million for the quarter. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%. Research analysts expect that Nexxen International will post 0.75 EPS for the current year.

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.