Nexxen International Ltd. (NASDAQ:NEXN - Get Free Report)'s share price hit a new 52-week high during trading on Saturday after Royal Bank of Canada raised their price target on the stock from $11.00 to $13.00. Royal Bank of Canada currently has an outperform rating on the stock. Nexxen International traded as high as $10.49 and last traded at $10.39, with a volume of 261730 shares. The stock had previously closed at $9.91.
Separately, 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 issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $10.20.
Read Our Latest Stock Analysis on NEXN
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Rock Point Advisors LLC purchased a new stake in Nexxen International during the second quarter valued at about $3,562,000. Rice Hall James & Associates LLC purchased a new stake in shares of Nexxen International during the 3rd quarter valued at approximately $2,449,000. Renaissance Technologies LLC purchased a new stake in shares of Nexxen International during the 2nd quarter valued at approximately $810,000. Dimensional Fund Advisors LP bought a new position in Nexxen International in the 2nd quarter worth approximately $451,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Nexxen International in the 2nd quarter valued at approximately $141,000. Hedge funds and other institutional investors own 54.24% of the company's stock.
Nexxen International Price Performance
The firm has a market cap of $683.63 million, a P/E ratio of 259.75 and a beta of 1.90. The business's fifty day simple moving average is $9.32 and its 200-day simple moving average is $7.88. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.04.
About Nexxen International
(
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.
Featured Articles
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
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.