Nexxen International’s (NEXN) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities reissued their market outperform rating on shares of Nexxen International (NASDAQ:NEXN) in a report issued on Monday,Benzinga reports. The brokerage currently has a $11.00 price objective on the stock.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada increased their target price on Nexxen International from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Needham & Company LLC increased their target price on Nexxen International from $9.50 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Nexxen International currently has a consensus rating of “Moderate Buy” and an average target price of $10.20.

Nexxen International Trading Down 1.2 %

Shares of NEXN opened at $9.63 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.04. Nexxen International has a 12-month low of $4.61 and a 12-month high of $10.94. The firm has a market capitalization of $628.65 million, a PE ratio of 240.75 and a beta of 1.90. The stock’s fifty day simple moving average is $9.99 and its 200-day simple moving average is $8.38.

Institutional Investors Weigh In On Nexxen International

Large investors have recently modified their holdings of the business. Guinness Atkinson Asset Management Inc bought a new stake in shares of Nexxen International in the third quarter worth about $31,000. Blue Trust Inc. increased its holdings in shares of Nexxen International by 221.7% in the third quarter. Blue Trust Inc. now owns 5,704 shares of the company’s stock worth $46,000 after acquiring an additional 3,931 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of Nexxen International in the fourth quarter worth about $69,000. GAMMA Investing LLC increased its holdings in shares of Nexxen International by 2,021.9% in the fourth quarter. GAMMA Investing LLC now owns 8,424 shares of the company’s stock worth $84,000 after acquiring an additional 8,027 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Nexxen International in the third quarter worth about $123,000. 54.24% of the stock is currently owned by institutional investors.

Nexxen International Company 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.