Rosenblatt Securities Issues Positive Forecast for Nexxen International (NASDAQ:NEXN) Stock Price

Nexxen International (NASDAQ:NEXNGet Free Report) had its price target upped by stock analysts at Rosenblatt Securities from $15.00 to $16.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ price objective suggests a potential upside of 128.96% from the stock’s current price.

Several other equities analysts have also commented on the stock. Needham & Company LLC decreased their price objective on shares of Nexxen International from $9.00 to $7.50 and set a “buy” rating for the company in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nexxen International in a report on Thursday, January 22nd. BTIG Research dropped their price objective on shares of Nexxen International from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Royal Bank Of Canada cut their target price on Nexxen International from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Finally, Craig Hallum cut Nexxen International from a “buy” rating to a “hold” rating and set a $8.00 price target for the company. in a research report on Thursday, November 13th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.17.

Read Our Latest Analysis on NEXN

Nexxen International Stock Performance

Shares of NEXN opened at $6.99 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. The firm has a market cap of $396.56 million, a PE ratio of 11.64 and a beta of 1.69. Nexxen International has a 12 month low of $5.60 and a 12 month high of $12.60. The stock has a fifty day moving average price of $6.19 and a 200-day moving average price of $7.51.

Nexxen International (NASDAQ:NEXNGet Free Report) last announced its earnings results on Wednesday, March 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.06. Nexxen International had a return on equity of 12.23% and a net margin of 10.46%.The company had revenue of $100.71 million for the quarter, compared to analyst estimates of $100.39 million. Equities research analysts predict that Nexxen International will post 0.25 earnings per share for the current fiscal year.

Nexxen International declared that its Board of Directors has initiated a stock buyback program on Thursday, November 20th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the company to reacquire up to 9.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Nexxen International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System purchased a new position in shares of Nexxen International during the 2nd quarter valued at about $25,000. Quantbot Technologies LP acquired a new stake in Nexxen International during the third quarter worth about $43,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Nexxen International during the second quarter worth about $90,000. Jump Financial LLC purchased a new position in Nexxen International during the fourth quarter valued at approximately $95,000. Finally, SG Americas Securities LLC acquired a new position in Nexxen International in the third quarter valued at approximately $102,000. 54.24% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Nexxen International

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

About Nexxen International

(Get Free Report)

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.

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Analyst Recommendations for Nexxen International (NASDAQ:NEXN)

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