Nexxen International (NEXN) Stock Price, News & Analysis

Company Overview

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. Its sell supply side platform (SSP) provides access to data and a comprehensive product suite to drive inventory management and revenue optimization. The company also offers data management platform solution, which integrates DSP and SSP solutions enabling advertisers and publishers to use data from various sources in order to optimize results of their advertising campaigns. It serves ad buyers, advertisers, brands, agencies, and digital publishers in the United States, the Asia-Pacific, Europe, the Middle East, and Africa. The company was formerly known as Tremor International Ltd and changed its name to Nexxen International Ltd. in January 2024. Nexxen International Ltd. was incorporated in 2007 and is headquartered in Tel Aviv-Yafo, Israel.

Key Stats

• Today's Range: $9.78 to $10.00
• 50-Day Range: $7.48 to $10.35
• 52-Week Range: $4.51 to $10.47
• Volume: 110,327 shs
• Average Volume: 87,166 shs
• Market Capitalization: $650.09 million
• P/E Ratio: 245.25
• Dividend Yield: N/A
• Price Target: $9.80
• Consensus Rating: Moderate Buy

Nexxen International Stock Analysis - MarketRank™

Nexxen International scored higher than 25% of companies evaluated by MarketBeat, and ranked 262nd out of 333 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Nexxen International has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Nexxen International has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 27.12%

Earnings Growth

Earnings for Nexxen International are expected to grow by 27.12% in the coming year, from $0.59 to $0.75 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Nexxen International is 245.25, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 113.36.

Price to Earnings Ratio vs. Sector

The P/E ratio of Nexxen International is 245.25, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 28.29.

Price to Book Value per Share Ratio

Nexxen International has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.12% of the float of Nexxen International has been sold short.

Short Interest Ratio / Days to Cover

Nexxen International has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Nexxen International has recently increased by 84.81%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Nexxen International does not currently pay a dividend.

Dividend Growth

Nexxen International does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.12% of the float of Nexxen International has been sold short.

Short Interest Ratio / Days to Cover

Nexxen International has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Nexxen International has recently increased by 84.81%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.13

News Sentiment

Nexxen International has a news sentiment score of 0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Nexxen International this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for NEXN on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

MarketBeat Follows

3 people have added Nexxen International to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Nexxen International insiders have not sold or bought any company stock.

Percentage Held by Institutions

54.24% of the stock of Nexxen International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NEXN Stock Analysis - Frequently Asked Questions

How have NEXN shares performed this year?

Nexxen International's stock was trading at $5.12 at the beginning of the year. Since then, NEXN shares have increased by 91.6% and is now trading at $9.81.
View the best growth stocks for 2024 here.

How were Nexxen International's earnings last quarter?

Nexxen International Ltd. (NASDAQ:NEXN) posted its quarterly earnings results on Thursday, August, 22nd. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by $0.02. The company had revenue of $88.58 million for the quarter, compared to analysts' expectations of $85.75 million. Nexxen International had a net margin of 3.96% and a trailing twelve-month return on equity of 7.49%.

Who are Nexxen International's major shareholders?

Nexxen International's top institutional shareholders include Rock Point Advisors LLC (0.78%), Rice Hall James & Associates LLC (0.45%), Mithaq Capital SPC (0.32%) and Tidal Investments LLC (0.07%).

How do I buy shares of Nexxen International?

Shares of NEXN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Nexxen International own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nexxen International investors own include Waste Connections (WCN), AUO (AUOTY), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC), American Water Works (AWK) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 8/22/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Computer programming, data processing, & other computer related
• Sub-Industry: N/A
• Current Symbol: NASDAQ:NEXN
• Previous Symbol: NASDAQ:NEXN
• CUSIP: N/A
• CIK: 1849396
• Web: nexxen.com
• Phone: 972-3-545-3900
• Fax: N/A
• Employees: 895
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $9.80
• High Stock Price Target: $12.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: -0.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.04
• Trailing P/E Ratio: 245.25
• Forward P/E Ratio: 16.63
• P/E Growth: N/A
• Net Income: $-21,490,000.00
• Net Margins: 3.96%
• Pretax Margin: 6.85%
• Return on Equity: 7.49%
• Return on Assets: 4.70%

Debt

• Debt-to-Equity Ratio: 0.04
• Current Ratio: 1.43
• Quick Ratio: 1.43

Sales & Book Value

• Annual Sales: $349.11 million
• Price / Sales: 1.86
• Cash Flow: $1.25 per share
• Price / Cash Flow: 7.86
• Book Value: $7.53 per share
• Price / Book: 1.30

Miscellaneous

• Outstanding Shares: 66,268,000
• Free Float: N/A
• Market Cap: $650.09 million
• Optionable: N/A
• Beta: 1.93