29,529 Shares in Nexxen International Ltd. (NASDAQ:NEXN) Acquired by Trexquant Investment LP

Trexquant Investment LP bought a new position in Nexxen International Ltd. (NASDAQ:NEXN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 29,529 shares of the company's stock, valued at approximately $296,000.

A number of other large investors have also bought and sold shares of NEXN. Advisors Preferred LLC acquired a new position in Nexxen International in the fourth quarter worth $69,000. GAMMA Investing LLC raised its holdings in shares of Nexxen International by 2,021.9% in the fourth quarter. GAMMA Investing LLC now owns 8,424 shares of the company's stock valued at $84,000 after buying an additional 8,027 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Nexxen International in the fourth quarter valued at about $110,000. D.A. Davidson & CO. acquired a new position in Nexxen International during the 4th quarter worth about $121,000. Finally, Sei Investments Co. bought a new stake in Nexxen International during the 4th quarter worth about $127,000. 54.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NEXN shares. Canaccord Genuity Group assumed coverage on shares of Nexxen International in a research report on Wednesday, March 26th. They set a "buy" rating and a $12.00 target price on the stock. Royal Bank of Canada upped their price objective on Nexxen International from $22.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Needham & Company LLC reissued a "buy" rating and issued a $12.00 target price on shares of Nexxen International in a research note on Thursday, March 6th. JMP Securities reaffirmed a "market outperform" rating and set a $22.00 price target on shares of Nexxen International in a research note on Monday, January 27th. Finally, Craig Hallum assumed coverage on Nexxen International in a report on Thursday, April 10th. They issued a "buy" rating and a $15.00 price target on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Nexxen International has an average rating of "Moderate Buy" and an average target price of $16.75.

Nexxen International Trading Up 2.3 %

Shares of Nexxen International stock traded up $0.20 during trading on Friday, reaching $9.05. 431,525 shares of the company were exchanged, compared to its average volume of 123,550. Nexxen International Ltd. has a twelve month low of $6.93 and a twelve month high of $21.88. The business has a 50-day moving average price of $8.81 and a 200-day moving average price of $15.11. 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 firm has a market capitalization of $573.92 million, a price-to-earnings ratio of 226.25 and a beta of 1.81.

Nexxen International announced that its Board of Directors has approved a share repurchase plan on Wednesday, March 5th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to purchase up to 8.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

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.