Nexxen International Ltd. (NASDAQ:NEXN - Get Free Report) shares traded down 3.9% on Friday . The stock traded as low as $9.58 and last traded at $9.64. 42,228 shares traded hands during trading, a decline of 68% from the average session volume of 130,617 shares. The stock had previously closed at $10.03.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. 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, January 3rd. Needham & Company LLC boosted their price target on Nexxen International from $9.50 to $12.00 and gave the company 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $10.20.
Check Out Our Latest Report on NEXN
Nexxen International Trading Down 6.6 %
The stock has a market cap of $611.67 million, a PE ratio of 234.25 and a beta of 1.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.43 and a current ratio of 1.43. The company has a 50 day moving average of $9.97 and a two-hundred day moving average of $8.30.
Institutional Investors Weigh In On Nexxen International
Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in shares of Nexxen International by 2,021.9% during the fourth quarter. GAMMA Investing LLC now owns 8,424 shares of the company's stock valued at $84,000 after acquiring an additional 8,027 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Nexxen International by 24.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 57,998 shares of the company's stock valued at $466,000 after purchasing an additional 11,346 shares in the last quarter. Tidal Investments LLC boosted its stake in Nexxen International by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 48,072 shares of the company's stock worth $386,000 after purchasing an additional 2,125 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Nexxen International during the third quarter worth $123,000. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Nexxen International in the third quarter valued at about $2,449,000. 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.
See Also
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
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
