Nexxen International Ltd. (NASDAQ:NEXN - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $9.76, but opened at $9.39. Nexxen International shares last traded at $9.43, with a volume of 41,186 shares trading hands.
Analyst Upgrades and Downgrades
NEXN has been the topic of several research reports. Needham & Company LLC raised their price objective on Nexxen International from $9.50 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Royal Bank of Canada raised their price target on Nexxen International from $11.00 to $13.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Finally, JMP Securities reiterated a "market outperform" rating and issued a $11.00 price objective on shares of Nexxen International in a research note on Monday, January 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Nexxen International currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.20.
Check Out Our Latest Research Report on NEXN
Nexxen International Stock Performance
The stock has a market cap of $628.37 million, a PE ratio of 242.50 and a beta of 1.89. The stock has a fifty day moving average of $9.95 and a 200-day moving average of $8.58. 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 Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in shares of Nexxen International by 221.7% during the third quarter. Blue Trust Inc. now owns 5,704 shares of the company's stock worth $46,000 after purchasing an additional 3,931 shares during the period. Advisors Preferred LLC purchased a new position in Nexxen International during the 4th quarter worth $69,000. GAMMA Investing LLC lifted its stake in shares of Nexxen International by 2,021.9% in the 4th quarter. GAMMA Investing LLC now owns 8,424 shares of the company's stock worth $84,000 after acquiring an additional 8,027 shares during the period. D.A. Davidson & CO. purchased a new stake in shares of Nexxen International in the fourth quarter valued at about $121,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Nexxen International in the third quarter valued at about $123,000. 54.24% of the stock is currently owned by hedge funds and other institutional investors.
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.
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