Nexxen International (NASDAQ:NEXN) Announces Quarterly Earnings Results

Nexxen International (NASDAQ:NEXN - Get Free Report) issued its earnings results on Wednesday. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.13, Zacks reports. Nexxen International had a return on equity of 7.49% and a net margin of 3.96%. The company had revenue of $105.20 million during the quarter, compared to the consensus estimate of $107.60 million. Nexxen International updated its FY 2025 guidance to EPS.

Nexxen International Price Performance

Shares of NEXN traded down $0.24 during midday trading on Friday, reaching $8.78. The stock had a trading volume of 414,075 shares, compared to its average volume of 76,768. Nexxen International has a 52 week low of $6.93 and a 52 week high of $21.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.43 and a quick ratio of 1.43. The firm's 50 day moving average price is $16.34 and its 200-day moving average price is $16.76. The company has a market capitalization of $556.80 million, a P/E ratio of 219.50 and a beta of 1.91.

Nexxen International announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 5th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to buy up to 8.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $12.00 target price on shares of Nexxen International in a research report on Thursday. JMP Securities restated a "market outperform" rating and set a $22.00 price objective on shares of Nexxen International in a research note on Monday, January 27th. Finally, Royal Bank of Canada raised their price objective on Nexxen International from $22.00 to $26.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.00.

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Nexxen International Company 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.