Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) Receives Consensus Rating of “Buy” from Analysts

Shares of Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) have been assigned a consensus recommendation of “Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued a report on the stock in the last year is $15.33.

NEXN has been the topic of several recent analyst reports. Canaccord Genuity Group boosted their price target on Nexxen International from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, May 12th. Wall Street Zen lowered Nexxen International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. Royal Bank Of Canada boosted their price target on Nexxen International from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Monday, May 12th. Rosenblatt Securities reissued a “buy” rating and set a $16.00 target price on shares of Nexxen International in a report on Friday, May 30th. Finally, Raymond James Financial raised Nexxen International from a “market perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a report on Monday, May 5th.

Institutional Trading of Nexxen International

Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in Nexxen International in the 4th quarter valued at $110,000. Jane Street Group LLC acquired a new position in Nexxen International in the 4th quarter valued at $121,000. Sei Investments Co. acquired a new position in Nexxen International in the 4th quarter valued at $127,000. Jump Financial LLC acquired a new position in Nexxen International in the 1st quarter valued at $146,000. Finally, EntryPoint Capital LLC acquired a new position in Nexxen International in the 4th quarter valued at $149,000. 54.24% of the stock is currently owned by institutional investors.

Nexxen International Stock Up 0.9%

NASDAQ:NEXN opened at $10.18 on Friday. The firm has a market capitalization of $645.62 million, a price-to-earnings ratio of 19.96 and a beta of 1.75. Nexxen International has a twelve month low of $6.93 and a twelve month high of $21.88. The stock’s 50 day moving average price is $10.75 and its two-hundred day moving average price is $12.25. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.04.

About Nexxen International

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.