Nexxen International (NASDAQ:NEXN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Nexxen International (NASDAQ:NEXN) had its target price boosted by investment analysts at Royal Bank Of Canada from $11.00 to $13.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 23.52% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Raymond James Financial upped their price target on shares of Nexxen International from $9.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 17th. Rosenblatt Securities restated a “buy” rating and issued a $16.00 price objective on shares of Nexxen International in a research report on Thursday. Wall Street Zen raised Nexxen International from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Needham & Company LLC boosted their price target on Nexxen International from $10.50 to $13.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Scotiabank upped their price target on Nexxen International from $10.00 to $11.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, June 17th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nexxen International presently has an average rating of “Moderate Buy” and an average price target of $12.44.

Nexxen International Stock Performance

Shares of NEXN stock traded down $0.21 during mid-day trading on Thursday, reaching $10.53. 194,617 shares of the company’s stock traded hands, compared to its average volume of 365,154. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $592.35 million, a PE ratio of 34.95 and a beta of 1.60. Nexxen International has a 12 month low of $5.60 and a 12 month high of $11.30. The firm has a 50 day moving average price of $9.53 and a two-hundred day moving average price of $7.89.

Nexxen International (NASDAQ:NEXN) last announced its earnings results on Thursday, August 13th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Nexxen International had a return on equity of 7.78% and a net margin of 4.85%.The company had revenue of $100.52 million for the quarter, compared to analysts’ expectations of $94.37 million. On average, research analysts forecast that Nexxen International will post 0.75 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Sagi Niri sold 68,886 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $9.08, for a total value of $625,484.88. Following the sale, the chief financial officer owned 381,856 shares of the company’s stock, valued at approximately $3,467,252.48. This represents a 15.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 258,468 shares of company stock worth $2,350,050 in the last quarter.

Institutional Trading of Nexxen International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NEXN. Geode Capital Management LLC boosted its stake in shares of Nexxen International by 1,062.0% during the second quarter. Geode Capital Management LLC now owns 509,808 shares of the company’s stock valued at $5,307,000 after purchasing an additional 465,936 shares during the period. Rock Point Advisors LLC boosted its position in Nexxen International by 42.5% in the 4th quarter. Rock Point Advisors LLC now owns 950,517 shares of the company’s stock valued at $6,216,000 after buying an additional 283,295 shares during the period. BNP Paribas Financial Markets grew its stake in Nexxen International by 354.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 122,106 shares of the company’s stock worth $1,271,000 after acquiring an additional 95,219 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Nexxen International by 328.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 74,102 shares of the company’s stock worth $485,000 after acquiring an additional 56,808 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Nexxen International by 1,244.5% during the second quarter. Rhumbline Advisers now owns 59,926 shares of the company’s stock valued at $624,000 after acquiring an additional 55,469 shares in the last quarter. 54.24% of the stock is owned by hedge funds and other institutional investors.

Nexxen International News Roundup

Here are the key news stories impacting Nexxen International this week:

• Positive Sentiment: Strong quarterly results and higher guidance: Nexxen reported second-quarter EPS of $0.23, ahead of the $0.22 consensus, while revenue of $100.52 million exceeded estimates of $94.37 million. The company delivered record Contribution ex-TAC and programmatic revenue, including an all-time quarterly record for connected-TV revenue, and raised its full-year 2026 guidance for both metrics for the third time this year. Nexxen Reports Record Second Quarter 2026 Financial Results
• Positive Sentiment: Analysts raised targets: Needham and BTIG each lifted their price target to $13 and assigned a “buy” rating. Rosenblatt Securities reaffirmed its “buy” rating and set a $16 target, implying substantial upside from recent trading levels. Analyst Price Target Updates
• Positive Sentiment: Commercial leadership expanded: Nexxen appointed Chance Johnson as president, Kara Puccinelli as chief commercial officer and Kenneth Suh as chief business officer. The company said the appointments are intended to accelerate enterprise growth as it scales its unified advertising platform. Nexxen Names Chance Johnson President
• Neutral Sentiment: Short-interest data provides little signal: Reported short interest was zero shares, unchanged from the prior period, with a zero-day days-to-cover ratio. This suggests no meaningful short-squeeze or short-selling catalyst based on the available figures.

About Nexxen International

Tremor International Ltd provides end-to-end software platform that enables advertisers to reach relevant audiences and publishers. 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.