Nexxen International (NASDAQ:NEXN) Stock Price Expected to Rise, Scotiabank Analyst Says

Nexxen International (NASDAQ:NEXN) had its price target lifted by equities researchers at Scotiabank from $11.00 to $13.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 23.81% from the company’s current price.

Several other brokerages have also issued reports on NEXN. Royal Bank Of Canada boosted their target price on shares of Nexxen International from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday. Needham & Company LLC lifted their price target on shares of Nexxen International from $10.50 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday. BTIG Research boosted their price objective on shares of Nexxen International from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday. Craig Hallum upgraded Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Thursday, July 9th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $16.00 price objective on shares of Nexxen International in a research report on Thursday. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Nexxen International currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.67.

Nexxen International Stock Down 2.2%

NASDAQ NEXN traded down $0.24 during mid-day trading on Thursday, reaching $10.50. The stock had a trading volume of 235,704 shares, compared to its average volume of 365,318. The stock has a market cap of $590.94 million, a PE ratio of 35.23 and a beta of 1.60. Nexxen International has a 1 year low of $5.60 and a 1 year high of $11.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.25 and a quick ratio of 1.25. The company has a fifty day moving average price of $9.53 and a 200 day moving average price of $7.89.

Nexxen International (NASDAQ:NEXN) last posted its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%. The business had revenue of $100.52 million for the quarter, compared to analysts’ expectations of $94.37 million. On average, research analysts expect that Nexxen International will post 0.75 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Sagi Niri sold 17,578 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $10.51, for a total value of $184,744.78. Following the sale, the chief financial officer directly owned 126,488 shares in the company, valued at $1,329,388.88. The trade was a 12.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 258,468 shares of company stock valued at $2,350,050 in the last quarter.

Institutional Trading of Nexxen International

Institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System bought a new position in Nexxen International in the 2nd quarter worth about $25,000. Pinnacle Holdings LLC bought a new position in Nexxen International in the second quarter worth approximately $42,000. Quantbot Technologies LP purchased a new position in Nexxen International during the 3rd quarter worth $43,000. New York State Common Retirement Fund bought a new stake in Nexxen International during the 2nd quarter valued at $124,000. Finally, Jump Financial LLC bought a new stake in shares of Nexxen International in the fourth quarter valued at about $95,000. Institutional investors own 54.24% of the company’s stock.

Nexxen International News Roundup

Here are the key news stories impacting Nexxen International this week:

• Positive Sentiment: Strong quarterly results and higher guidance: Nexxen reported second-quarter EPS of $0.23, ahead of the $0.22 consensus, while revenue of $100.52 million exceeded estimates of $94.37 million. The company delivered record Contribution ex-TAC and programmatic revenue, including an all-time quarterly record for connected-TV revenue, and raised its full-year 2026 guidance for both metrics for the third time this year. Nexxen Reports Record Second Quarter 2026 Financial Results
• Positive Sentiment: Analysts raised targets: Needham and BTIG each lifted their price target to $13 and assigned a “buy” rating. Rosenblatt Securities reaffirmed its “buy” rating and set a $16 target, implying substantial upside from recent trading levels. Analyst Price Target Updates
• Positive Sentiment: Commercial leadership expanded: Nexxen appointed Chance Johnson as president, Kara Puccinelli as chief commercial officer and Kenneth Suh as chief business officer. The company said the appointments are intended to accelerate enterprise growth as it scales its unified advertising platform. Nexxen Names Chance Johnson President
• Neutral Sentiment: Short-interest data provides little signal: Reported short interest was zero shares, unchanged from the prior period, with a zero-day days-to-cover ratio. This suggests no meaningful short-squeeze or short-selling catalyst based on the available figures.

About Nexxen International

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.