Nexxen International Ltd. (NASDAQ:NEXN - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $11.00 and last traded at $10.42, with a volume of 686 shares traded. The stock had previously closed at $10.30.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on NEXN. Royal Bank of Canada increased their price objective on shares of Nexxen International from $22.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. JMP Securities reissued a "market outperform" rating and issued a $22.00 price objective on shares of Nexxen International in a research report on Monday, January 27th. Finally, Needham & Company LLC increased their price objective on shares of Nexxen International from $19.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $20.40.
Check Out Our Latest Stock Report on NEXN
Nexxen International Trading Down 2.4 %
The firm has a market capitalization of $576.90 million, a PE ratio of 223.50 and a beta of 1.89. The stock's 50-day moving average price is $18.87 and its 200 day moving average price is $17.16. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.43 and a quick ratio of 1.43.
Hedge Funds Weigh In On Nexxen International
A number of institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP purchased a new position in shares of Nexxen International during the fourth quarter worth approximately $593,000. Numerai GP LLC bought a new position in shares of Nexxen International during the fourth quarter valued at approximately $315,000. Millennium Management LLC boosted its stake in shares of Nexxen International by 45.7% during the fourth quarter. Millennium Management LLC now owns 98,742 shares of the company's stock valued at $989,000 after purchasing an additional 30,973 shares in the last quarter. Cresset Asset Management LLC bought a new position in shares of Nexxen International during the fourth quarter valued at approximately $210,000. Finally, Bank of America Corp DE boosted its stake in shares of Nexxen International by 1,898.3% during the fourth quarter. Bank of America Corp DE now owns 15,107 shares of the company's stock valued at $151,000 after purchasing an additional 14,351 shares in the last quarter. 54.24% of the stock is owned by hedge funds and other institutional investors.
About Nexxen International
(
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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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