Shares of Nexxen International Ltd. (NASDAQ:NEXN - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 76,653 shares traded hands during trading, a decline of 11% from the previous session's volume of 86,305 shares.The stock last traded at $9.82 and had previously closed at $10.04.
Wall Street Analysts Forecast Growth
NEXN has been the subject of several analyst reports. Lake Street Capital upped their target price 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 raised their target price on shares of Nexxen International from $9.00 to $11.00 and gave the stock an "outperform" rating in a report on Friday, August 23rd. Finally, Needham & Company LLC boosted their price target on shares of Nexxen International from $9.50 to $12.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $9.80.
Read Our Latest Stock Analysis on NEXN
Nexxen International Stock Down 3.3 %
The business's 50-day moving average price is $8.81 and its 200-day moving average price is $7.57. The firm has a market capitalization of $644.70 million, a PE ratio of 242.75 and a beta of 1.93. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.04.
Institutional Investors Weigh In On Nexxen International
A number of institutional investors have recently modified their holdings of NEXN. Guinness Atkinson Asset Management Inc purchased a new stake in shares of Nexxen International during the 3rd quarter worth about $31,000. Blue Trust Inc. increased its holdings 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 buying an additional 3,931 shares during the last quarter. Quadrature Capital Ltd bought a new position in Nexxen International during the third quarter valued at approximately $123,000. Marshall Wace LLP acquired a new stake in Nexxen International in the second quarter valued at approximately $136,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Nexxen International in the second quarter worth approximately $141,000. Institutional investors and hedge funds own 54.24% of the company's stock.
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.
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