Nexxen International (NASDAQ:NEXN) Sees Strong Trading Volume – Time to Buy?

Shares of Nexxen International Ltd. (NASDAQ:NEXN) saw strong trading volume on Wednesday . 76,653 shares were traded during trading, a decline of 11% from the previous session’s volume of 86,305 shares.The stock last traded at $9.82 and had previously closed at $10.04.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NEXN. Lake Street Capital raised their price target on shares of Nexxen International from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Royal Bank of Canada 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 Friday, August 23rd. Finally, Needham & Company LLC upped their target price on Nexxen International from $9.50 to $12.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $9.80.

Nexxen International Trading Down 0.1 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.43 and a current ratio of 1.43. The business has a 50 day moving average of $8.89 and a two-hundred day moving average of $7.60. The firm has a market capitalization of $642.80 million, a price-to-earnings ratio of 242.50 and a beta of 1.93.

Institutional Trading of Nexxen International

Institutional investors and hedge funds have recently made changes to their positions in the company. Guinness Atkinson Asset Management Inc purchased a new position in Nexxen International in the third quarter worth $31,000. Blue Trust Inc. increased its stake in shares of Nexxen International by 221.7% during the 3rd quarter. Blue Trust Inc. now owns 5,704 shares of the company’s stock worth $46,000 after purchasing an additional 3,931 shares during the last quarter. Quadrature Capital Ltd bought a new position in Nexxen International during the third quarter valued at $123,000. Marshall Wace LLP bought a new stake in shares of Nexxen International in the second quarter valued at $136,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Nexxen International during the 2nd quarter valued at $141,000. Hedge funds and other institutional investors own 54.24% of the company’s stock.

About Nexxen International

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.