Rice Hall James & Associates LLC Purchases 262,961 Shares of Nexxen International Ltd. (NASDAQ:NEXN)

Rice Hall James & Associates LLC raised its holdings in shares of Nexxen International Ltd. (NASDAQ:NEXN - Free Report) by 86.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 567,544 shares of the company's stock after acquiring an additional 262,961 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.87% of Nexxen International worth $5,687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. D.A. Davidson & CO. purchased a new position in shares of Nexxen International during the fourth quarter valued at about $121,000. Advisors Preferred LLC purchased a new position in shares of Nexxen International during the fourth quarter valued at about $69,000. GAMMA Investing LLC grew its position 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 purchasing an additional 8,027 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Nexxen International by 24.3% during the third 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. Finally, Tidal Investments LLC grew its position in shares of Nexxen International by 4.6% during the third quarter. Tidal Investments LLC now owns 48,072 shares of the company's stock valued at $386,000 after purchasing an additional 2,125 shares in the last quarter. 54.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on NEXN shares. JMP Securities restated a "market outperform" rating and set a $22.00 price objective on shares of Nexxen International in a research report on Monday, January 27th. Royal Bank of Canada raised their price objective on Nexxen International from $22.00 to $26.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Finally, Needham & Company LLC lifted their price target on Nexxen International from $19.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $20.40.

Nexxen International Trading Down 2.4 %

NEXN traded down $0.22 on Friday, hitting $8.94. The company had a trading volume of 549,764 shares, compared to its average volume of 151,284. The company has a market cap of $576.90 million, a PE ratio of 223.50 and a beta of 1.89. Nexxen International Ltd. has a 12-month low of $4.71 and a 12-month high of $11.00. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.04. The business's fifty day simple moving average is $18.87 and its 200 day simple moving average is $17.16.

Nexxen International Company Profile

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.