Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) have been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $11.1667.

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group dropped their target price on shares of Nexxen International from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Royal Bank Of Canada lifted their price target on shares of Nexxen International from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Scotiabank lifted 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 note on Wednesday, June 17th. BTIG Research lifted their price target on shares of Nexxen International from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, Wall Street Zen raised shares of Nexxen International from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd.

Insider Activity at Nexxen International

In other Nexxen International news, CFO Sagi Niri sold 34,667 shares of Nexxen International stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $8.78, for a total transaction of $304,376.26. Following the transaction, the chief financial officer directly owned 459,023 shares of the company’s stock, valued at approximately $4,030,221.94. This trade represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 112,141 shares of company stock worth $970,568 over the last quarter.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Jump Financial LLC purchased a new position in shares of Nexxen International during the fourth quarter worth approximately $95,000. Public Employees Retirement System of Ohio raised its stake 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 in the last quarter. Legato Capital Management LLC raised its stake in shares of Nexxen International by 23.8% during the fourth quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock worth $164,000 after acquiring an additional 4,815 shares in the last quarter. Rock Point Advisors LLC raised its stake 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 worth $6,216,000 after acquiring an additional 283,295 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of Nexxen International by 35.7% during the fourth quarter. Strs Ohio now owns 83,300 shares of the company’s stock worth $545,000 after acquiring an additional 21,900 shares in the last quarter. 54.24% of the stock is owned by hedge funds and other institutional investors.

Nexxen International Trading Up 2.0%

Shares of Nexxen International stock opened at $8.64 on Friday. Nexxen International has a 1 year low of $5.60 and a 1 year high of $11.59. The firm has a market cap of $486.26 million, a PE ratio of 28.80 and a beta of 1.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50 day simple moving average of $7.99 and a two-hundred day simple moving average of $7.00.

Nexxen International (NASDAQ:NEXN) last announced its earnings results on Wednesday, April 1st. The company reported $0.06 earnings per share (EPS) for the quarter. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%. The business had revenue of $86.84 million during the quarter. Analysts expect that Nexxen International will post 0.75 earnings per share for the current fiscal year.

Nexxen International Company Profile

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.