Nexxen International Ltd. (NASDAQ:NEXN - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 44,395 shares were traded during mid-day trading, a decline of 29% from the previous session's volume of 62,577 shares.The stock last traded at $7.55 and had previously closed at $7.75.
Wall Street Analysts Forecast Growth
NEXN has been the topic of a number of recent research reports. JMP Securities reaffirmed a "market outperform" rating and set a $11.00 price target on shares of Nexxen International in a research report on Friday, June 14th. Lake Street Capital upped their price objective on shares of Nexxen International from $7.00 to $9.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Needham & Company LLC lifted their target price on shares of Nexxen International from $6.50 to $8.50 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 company an "outperform" rating in a research report 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 stock. According to MarketBeat.com, Nexxen International presently has an average rating of "Moderate Buy" and a consensus target price of $9.10.
View Our Latest Research Report on NEXN
Nexxen International Stock Performance
The stock has a market capitalization of $513.19 million, a P/E ratio of -58.69 and a beta of 1.86. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $7.52 and a two-hundred day moving average price of $6.46.
Nexxen International (NASDAQ:NEXN - Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported $0.07 earnings per share 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 firm had revenue of $88.58 million for the quarter, compared to the consensus estimate of $85.75 million. During the same period last year, the company posted $0.03 EPS. Equities analysts expect that Nexxen International Ltd. will post 0.56 earnings per share for the current year.
Institutional Investors Weigh In On Nexxen International
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new position in Nexxen International in the 2nd quarter worth about $810,000. Rock Point Advisors LLC purchased a new position in shares of Nexxen International during the second quarter worth about $3,562,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Nexxen International in the second quarter worth approximately $141,000. Dimensional Fund Advisors LP bought a new position in shares of Nexxen International in the second quarter worth approximately $451,000. Finally, Marshall Wace LLP purchased a new stake in Nexxen International in the second quarter valued at approximately $136,000. Hedge funds and other institutional investors own 54.24% of the company's stock.
About Nexxen International
(
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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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