Needham & Company LLC Increases Nexxen International (NASDAQ:NEXN) Price Target to $9.50

Nexxen International (NASDAQ:NEXN - Free Report) had its price objective boosted by Needham & Company LLC from $8.50 to $9.50 in a report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently commented on the company. Lake Street Capital lifted their price target on Nexxen International from $7.00 to $9.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Royal Bank of Canada lifted 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 assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $9.30.

Nexxen International Stock Down 2.5 %

Shares of Nexxen International stock traded down $0.19 on Friday, reaching $7.48. 382,318 shares of the company were exchanged, compared to its average volume of 65,562. Nexxen International has a 1-year low of $3.37 and a 1-year high of $8.69. The stock's 50 day moving average price is $7.86 and its 200-day moving average price is $6.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market cap of $498.32 million, a P/E ratio of -106.84 and a beta of 1.86.

Nexxen International (NASDAQ:NEXN - Get Free Report) last posted 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 negative net margin of 0.57% and a positive return on equity of 5.92%. The business had revenue of $88.58 million during the quarter, compared to analyst estimates of $85.75 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. As a group, equities analysts forecast that Nexxen International will post 0.55 EPS for the current year.

Institutional Trading of Nexxen International

A number of hedge funds and other institutional investors have recently made changes to their positions in NEXN. Quadrature Capital Ltd acquired a new position in shares of Nexxen International during the 3rd quarter valued at $123,000. Rice Hall James & Associates LLC acquired a new position in Nexxen International during the third quarter worth about $2,449,000. Blue Trust Inc. raised its position in Nexxen International by 221.7% in the third quarter. Blue Trust Inc. now owns 5,704 shares of the company's stock worth $46,000 after acquiring an additional 3,931 shares in the last quarter. Guinness Atkinson Asset Management Inc bought a new stake in Nexxen International in the third quarter worth about $31,000. Finally, Marshall Wace LLP acquired a new stake in Nexxen International in the 2nd quarter valued at about $136,000. 54.24% of the stock is currently owned by institutional investors.

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.