Nexxen International Ltd. (NASDAQ:NEXN - Get Free Report) saw unusually-high trading volume on Friday . Approximately 42,648 shares changed hands during trading, a decline of 39% from the previous session's volume of 69,547 shares.The stock last traded at $10.11 and had previously closed at $9.91.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on NEXN shares. Royal Bank of Canada lifted their price objective on Nexxen International from $11.00 to $13.00 and gave the company an "outperform" rating in a research note on Friday. Needham & Company LLC boosted their price target on shares of Nexxen International from $9.50 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $10.20.
View Our Latest Stock Report on Nexxen International
Nexxen International Stock Performance
The firm has a 50 day moving average of $9.32 and a two-hundred day moving average of $7.88. 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 stock has a market cap of $683.63 million, a PE ratio of 259.75 and a beta of 1.90.
Institutional Investors Weigh In On Nexxen International
A number of institutional investors and hedge funds have recently bought and sold shares of NEXN. Guinness Atkinson Asset Management Inc acquired a new stake in shares of Nexxen International during the third quarter worth about $31,000. Blue Trust Inc. grew its stake in Nexxen International by 221.7% during the 3rd quarter. Blue Trust Inc. now owns 5,704 shares of the company's stock worth $46,000 after buying an additional 3,931 shares during the last quarter. GAMMA Investing LLC increased its position in Nexxen International by 2,021.9% during the fourth quarter. GAMMA Investing LLC now owns 8,424 shares of the company's stock worth $84,000 after buying an additional 8,027 shares during the period. Quadrature Capital Ltd purchased a new stake in Nexxen International in the third quarter valued at approximately $123,000. Finally, Marshall Wace LLP acquired a new stake in shares of Nexxen International in the second quarter valued at approximately $136,000. 54.24% of the stock is owned by hedge funds and other institutional investors.
Nexxen International Company Profile
(
Get 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.
Further Reading
Before you consider Nexxen International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nexxen International wasn't on the list.
While Nexxen International currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
