Nexxen International (NASDAQ:NEXN) Price Target Raised to $13.00

Nexxen International (NASDAQ:NEXN) had its target price raised by Needham & Company LLC from $10.50 to $13.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

NEXN has been the topic of several other reports. Wall Street Zen raised shares of Nexxen International from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Raymond James Financial boosted their target price 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 reaffirmed a “buy” rating and set a $16.00 price target on shares of Nexxen International in a research report on Wednesday, June 17th. Scotiabank increased their price target on shares of Nexxen International from $10.00 to $11.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, June 17th. Finally, BTIG Research lifted their price target on Nexxen International from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.89.

Nexxen International Price Performance

NEXN stock opened at $10.47 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.05. Nexxen International has a 52-week low of $5.60 and a 52-week high of $11.30. The stock’s 50 day moving average is $9.62 and its two-hundred day moving average is $7.94. The company has a market capitalization of $589.25 million, a PE ratio of 47.59 and a beta of 1.60.

Nexxen International (NASDAQ:NEXN) last announced its earnings results on Wednesday, August 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $100.52 million for the quarter, compared to analyst estimates of $93.09 million. Nexxen International had a return on equity of 7.03% and a net margin of 3.41%. Analysts predict that Nexxen International will post 0.75 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Sagi Niri sold 17,578 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $10.51, for a total transaction of $184,744.78. Following the completion of the transaction, the chief financial officer owned 126,488 shares in the company, valued at $1,329,388.88. The trade was a 12.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 258,468 shares of company stock valued at $2,350,050.

Institutional Investors Weigh In On Nexxen International

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

Key Stories Impacting Nexxen International

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

• Positive Sentiment: Quarterly results exceeded expectations. Nexxen reported adjusted earnings of $0.23 per share versus the $0.20 consensus estimate, while revenue of $100.52 million surpassed expectations of $93.09 million. Nexxen International Q2 2026 earnings
• Positive Sentiment: Connected TV performance was a key highlight. RBC identified Nexxen’s second-quarter connected-TV revenue as a standout, supporting the company’s position in the growing programmatic and streaming advertising markets. RBC analysis of Nexxen’s Q2 connected TV revenue
• Positive Sentiment: Analysts raised their valuation expectations. Royal Bank of Canada, Scotiabank and Canaccord Genuity each lifted their price target to $13 and maintained bullish ratings. Rosenblatt Securities reaffirmed its “buy” rating with a $16 target, while separate reports from BTIG Research and Needham also projected further appreciation. Analyst price-target updates BTIG Research forecast Needham analyst outlook
• Neutral Sentiment: The positive earnings release and analyst revisions may already be partly reflected in the share price. Nexxen trades well above its 50-day and 200-day moving averages and near its 52-week high, which can encourage short-term profit-taking despite favorable fundamentals.

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.