Dimensional Fund Advisors LP bought a new stake in Nexxen International Ltd. (NASDAQ:NEXN - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 80,209 shares of the company's stock, valued at approximately $451,000. Dimensional Fund Advisors LP owned 0.12% of Nexxen International as of its most recent SEC filing.
Separately, Rock Point Advisors LLC purchased a new stake in Nexxen International during the 2nd quarter valued at approximately $3,562,000. Institutional investors and hedge funds own 54.24% of the company's stock.
Wall Street Analyst Weigh In
NEXN has been the topic of a number of recent research reports. Needham & Company LLC boosted their target price on Nexxen International from $6.50 to $8.50 and gave the company a "buy" rating in a report on Friday, August 23rd. Lake Street Capital raised their target price on shares of Nexxen International from $7.00 to $9.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. Finally, Royal Bank of Canada boosted their price target 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Nexxen International currently has an average rating of "Moderate Buy" and an average price target of $9.10.
View Our Latest Stock Report on NEXN
Nexxen International Price Performance
Shares of NASDAQ NEXN traded down $0.06 during trading on Monday, hitting $7.74. 76,542 shares of the company were exchanged, compared to its average volume of 63,134. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.47 and a quick ratio of 1.47. Nexxen International Ltd. has a 1 year low of $3.15 and a 1 year high of $8.45. The company has a market cap of $520.59 million, a price-to-earnings ratio of -110.56 and a beta of 1.86. The firm's fifty day moving average price is $7.55 and its 200 day moving average price is $6.51.
Nexxen International (NASDAQ:NEXN - Get Free Report) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). Nexxen International had a positive return on equity of 5.92% and a negative net margin of 0.57%. The company had revenue of $88.58 million for the quarter, compared to analysts' expectations of $85.75 million. During the same period in the prior year, the firm posted $0.03 EPS. On average, sell-side analysts expect that Nexxen International Ltd. will post 0.56 earnings per share for the current fiscal year.
About Nexxen International
(
Free Report)
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.
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