Rice Hall James & Associates LLC Invests $2.45 Million in Nexxen International Ltd. (NASDAQ:NEXN)

Rice Hall James & Associates LLC acquired a new position in shares of Nexxen International Ltd. (NASDAQ:NEXN - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 304,583 shares of the company's stock, valued at approximately $2,449,000. Rice Hall James & Associates LLC owned approximately 0.45% of Nexxen International at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NEXN. Guinness Atkinson Asset Management Inc acquired a new stake in shares of Nexxen International in the 3rd quarter valued at about $31,000. Blue Trust Inc. boosted 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 valued at $46,000 after acquiring an additional 3,931 shares during the period. Marshall Wace LLP purchased a new position in shares of Nexxen International during the second quarter worth approximately $136,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Nexxen International in the 2nd quarter valued at $141,000. Finally, Dimensional Fund Advisors LP purchased a new stake in Nexxen International in the 2nd quarter valued at $451,000. Hedge funds and other institutional investors own 54.24% of the company's stock.

Nexxen International Price Performance

NEXN stock traded up $0.23 on Friday, reaching $8.13. The company had a trading volume of 43,809 shares, compared to its average volume of 81,730. The company's fifty day moving average is $7.84 and its 200 day moving average is $6.78. 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 $3.37 and a 1 year high of $8.69.

Nexxen International (NASDAQ:NEXN - Get Free Report) last released its 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 firm 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 quarter last year, the company posted $0.03 earnings per share. As a group, equities analysts forecast that Nexxen International Ltd. will post 0.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on NEXN. Needham & Company LLC upped their price objective on Nexxen International from $6.50 to $8.50 and gave the company a "buy" rating in a research note on Friday, August 23rd. Royal Bank of Canada increased their price target on Nexxen International from $9.00 to $11.00 and gave the stock an "outperform" rating in a report on Friday, August 23rd. Finally, Lake Street Capital lifted their price objective on shares of Nexxen International from $7.00 to $9.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.