Nexxen International Ltd. (NASDAQ:NEXN) is Mithaq Capital SPC’s 3rd Largest Position

Mithaq Capital SPC lowered its stake in Nexxen International Ltd. (NASDAQ:NEXN) by 61.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 217,680 shares of the company’s stock after selling 351,329 shares during the quarter. Nexxen International makes up 0.7% of Mithaq Capital SPC’s portfolio, making the stock its 3rd biggest holding. Mithaq Capital SPC’s holdings in Nexxen International were worth $1,750,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NEXN. Rock Point Advisors LLC bought a new stake in Nexxen International in the second quarter worth $3,562,000. Dimensional Fund Advisors LP bought a new position in Nexxen International in the 2nd quarter valued at approximately $451,000. Renaissance Technologies LLC bought a new position in shares of Nexxen International during the second quarter valued at $810,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Nexxen International during the 2nd quarter valued at about $141,000. Finally, Marshall Wace LLP bought a new position in Nexxen International in the second quarter valued at about $136,000. Hedge funds and other institutional investors own 54.24% of the company’s stock.

Nexxen International Price Performance

NEXN stock opened at $7.69 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $7.86 and a 200 day moving average price of $6.90. Nexxen International Ltd. has a 12 month low of $3.37 and a 12 month high of $8.69. The stock has a market cap of $514.15 million, a PE ratio of -109.84 and a beta of 1.86.

Nexxen International (NASDAQ:NEXN) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). The firm had revenue of $88.58 million for the quarter, compared to analysts’ expectations of $85.75 million. Nexxen International had a negative net margin of 0.57% and a positive return on equity of 5.92%. During the same quarter in the prior year, the business posted $0.03 EPS. Equities research analysts anticipate that Nexxen International Ltd. will post 0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NEXN. Lake Street Capital lifted their target price on Nexxen International from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Royal Bank of Canada lifted their price target on shares of Nexxen International from $9.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Finally, Needham & Company LLC increased their target price on Nexxen International from $6.50 to $8.50 and gave the company a “buy” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Nexxen International presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.10.

Nexxen International Profile

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.