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

Mithaq Capital SPC cut its holdings in Nexxen International Ltd. (NASDAQ:NEXN - Free Report) by 61.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,680 shares of the company's stock after selling 351,329 shares during the quarter. Nexxen International makes up approximately 0.7% of Mithaq Capital SPC's holdings, making the stock its 3rd largest holding. Mithaq Capital SPC owned about 0.32% of Nexxen International worth $1,750,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NEXN. Rock Point Advisors LLC bought a new stake in shares of Nexxen International during the 2nd quarter valued at $3,562,000. Rice Hall James & Associates LLC bought a new position in shares of Nexxen International during the 3rd quarter valued at about $2,449,000. Renaissance Technologies LLC bought a new position in shares of Nexxen International during the 2nd quarter valued at about $810,000. Dimensional Fund Advisors LP bought a new position in shares of Nexxen International during the 2nd quarter valued at about $451,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Nexxen International during the 2nd quarter valued at about $141,000. 54.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Needham & Company LLC upped their target price on shares of Nexxen International from $6.50 to $8.50 and gave the company a "buy" rating in a research report on Friday, August 23rd. Royal Bank of Canada raised their target price on shares of Nexxen International from $9.00 to $11.00 and gave the company an "outperform" rating in a research note on Friday, August 23rd. Finally, Lake Street Capital raised their target price 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Nexxen International has a consensus rating of "Moderate Buy" and an average price target of $9.10.

Nexxen International Stock Performance

NEXN traded down $0.11 on Tuesday, reaching $7.58. The stock had a trading volume of 46,231 shares, compared to its average volume of 64,139. Nexxen International Ltd. has a 12-month low of $3.37 and a 12-month high of $8.69. 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 business's 50-day moving average price is $7.86 and its two-hundred day moving average price is $6.90. The company has a market cap of $506.80 million, a P/E ratio of -109.71 and a beta of 1.86.

Nexxen International (NASDAQ:NEXN - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). The company had revenue of $88.58 million during 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 period last year, the firm posted $0.03 earnings per share. Sell-side analysts forecast that Nexxen International Ltd. will post 0.56 earnings per share for the current year.

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.