Nexxen International (NASDAQ:NEXN) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Nexxen International (NASDAQ:NEXN) from a buy rating to a strong-buy rating in a research report released on Saturday morning.

A number of other brokerages have also recently commented on NEXN. Needham & Company LLC boosted their target price on shares of Nexxen International from $10.50 to $13.00 and gave the company a “buy” rating in a report on Wednesday. BTIG Research increased their price target on shares of Nexxen International from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings cut shares of Nexxen International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Raymond James Financial boosted their price objective on shares of Nexxen International from $9.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. Finally, Royal Bank Of Canada upped their price objective on shares of Nexxen International from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Nexxen International presently has an average rating of “Moderate Buy” and an average price target of $12.89.

Nexxen International Stock Down 2.5%

NEXN stock opened at $10.47 on Friday. Nexxen International has a fifty-two week low of $5.60 and a fifty-two week high of $11.30. The company has a market capitalization of $589.25 million, a price-to-earnings ratio of 47.59 and a beta of 1.60. The business’s 50 day moving average price is $9.62 and its two-hundred day moving average price is $7.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.26.

Nexxen International (NASDAQ:NEXN) last released its earnings results on Wednesday, August 12th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Nexxen International had a return on equity of 7.03% and a net margin of 3.41%.The company had revenue of $100.52 million during the quarter, compared to analysts’ expectations of $93.09 million. As a group, analysts forecast that Nexxen International will post 0.75 earnings per share for the current fiscal year.

Insider Activity at Nexxen International

In related news, CFO Sagi Niri sold 17,578 shares of the firm’s 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 $1,329,388.88. This trade represents a 12.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 worth $2,350,050 in the last 90 days.

Institutional Trading of Nexxen International

A number of institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of Nexxen International by 1,062.0% during the second quarter. Geode Capital Management LLC now owns 509,808 shares of the company’s stock valued at $5,307,000 after purchasing an additional 465,936 shares in the last quarter. Rock Point Advisors LLC increased its holdings in Nexxen International by 42.5% in the 4th quarter. Rock Point Advisors LLC now owns 950,517 shares of the company’s stock worth $6,216,000 after buying an additional 283,295 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Nexxen International by 354.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 122,106 shares of the company’s stock worth $1,271,000 after buying an additional 95,219 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Nexxen International by 328.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 74,102 shares of the company’s stock worth $485,000 after buying an additional 56,808 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Nexxen International by 1,244.5% in the 2nd quarter. Rhumbline Advisers now owns 59,926 shares of the company’s stock worth $624,000 after buying an additional 55,469 shares during the last quarter. Institutional investors own 54.24% of the company’s stock.

Trending Headlines about Nexxen International

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

• Positive Sentiment: Quarterly results exceeded expectations. Nexxen reported adjusted earnings of $0.23 per share versus the $0.20 consensus estimate, while revenue of $100.52 million surpassed expectations of $93.09 million. Nexxen International Q2 2026 earnings
• Positive Sentiment: Connected TV performance was a key highlight. RBC identified Nexxen’s second-quarter connected-TV revenue as a standout, supporting the company’s position in the growing programmatic and streaming advertising markets. RBC analysis of Nexxen’s Q2 connected TV revenue
• Positive Sentiment: Analysts raised their valuation expectations. Royal Bank of Canada, Scotiabank and Canaccord Genuity each lifted their price target to $13 and maintained bullish ratings. Rosenblatt Securities reaffirmed its “buy” rating with a $16 target, while separate reports from BTIG Research and Needham also projected further appreciation. Analyst price-target updates BTIG Research forecast Needham analyst outlook
• Neutral Sentiment: The positive earnings release and analyst revisions may already be partly reflected in the share price. Nexxen trades well above its 50-day and 200-day moving averages and near its 52-week high, which can encourage short-term profit-taking despite favorable fundamentals.

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.