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

Nexxen International (NASDAQ:NEXN) had its target price upped by analysts at Royal Bank Of Canada from $13.00 to $14.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price objective would suggest a potential upside of 35.66% from the stock’s previous close.

A number of other research firms have also recently commented on NEXN. BTIG Research reissued a “buy” rating and issued a $13.00 target price on shares of Nexxen International in a report on Wednesday, October 21st. Scotiabank raised their price target on shares of Nexxen International from $11.00 to $13.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 13th. Weiss Ratings raised shares of Nexxen International from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Rosenblatt Securities reiterated a “buy” rating and set a $16.00 price objective on shares of Nexxen International in a research report on Thursday, August 13th. Finally, Needham & Company LLC upped their price objective on shares of Nexxen International from $10.50 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nexxen International presently has an average rating of “Moderate Buy” and an average target price of $13.12.

Nexxen International Price Performance

Shares of Nexxen International stock traded up $0.11 during trading on Friday, reaching $10.32. 858,057 shares of the company’s stock were exchanged, compared to its average volume of 499,403. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.26 and a current ratio of 1.26. Nexxen International has a 1-year low of $5.60 and a 1-year high of $11.30. The company has a market cap of $587.72 million, a P/E ratio of 31.27 and a beta of 1.65. The firm’s 50-day moving average price is $9.00 and its 200 day moving average price is $8.37.

Nexxen International (NASDAQ:NEXN) last released its quarterly earnings data on Thursday, November 12th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. Nexxen International had a return on equity of 8.48% and a net margin of 4.93%. The business had revenue of $102.93 million for the quarter, compared to analyst estimates of $100.14 million. As a group, research analysts anticipate that Nexxen International will post 0.73 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Daniel Kerstein sold 11,000 shares of Nexxen International stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $10.38, for a total transaction of $114,180.00. Following the sale, the director directly owned 34,678 shares in the company, valued at $359,957.64. This trade represents a 24.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Nexxen International

Several institutional investors and hedge funds have recently added to or reduced their stakes in NEXN. Empowered Funds LLC lifted its holdings in Nexxen International by 12.6% during the 3rd quarter. Empowered Funds LLC now owns 312,224 shares of the company’s stock worth $2,810,000 after buying an additional 34,848 shares during the period. State Board of Administration of Florida Retirement System bought a new stake in shares of Nexxen International in the 3rd quarter valued at about $489,000. Ritholtz Wealth Management bought a new stake in shares of Nexxen International in the 3rd quarter valued at about $406,000. CenterBook Partners LP bought a new stake in shares of Nexxen International in the 3rd quarter valued at about $298,000. Finally, State of Wyoming increased its stake in shares of Nexxen International by 9.8% in the third quarter. State of Wyoming now owns 21,497 shares of the company’s stock valued at $193,000 after buying an additional 1,924 shares during the period. 54.24% of the stock is currently owned by institutional investors and hedge funds.

Recent Nexxen International Headlines

Here are a few of the latest headlines about NEXN:

• Positive Sentiment: Royal Bank of Canada raised its price target to $14 from $13 and maintained an “outperform” rating, implying 35.7% upside from the cited $10.32 share price. Royal Bank of Canada recommendations
• Positive Sentiment: Nexxen beat Q3 estimates, reporting EPS of $0.32 versus $0.30 expected and revenue of $102.93 million versus $100.14 million expected. The company also reported record contribution ex-TAC and programmatic revenue, 39% year-over-year CTV revenue growth, and a 22% increase in adjusted EBITDA. Q3 financial results
• Negative Sentiment: 2026 revenue guidance of $388 million–$402 million has a $395 million midpoint, modestly below the analyst consensus estimate of $399.4 million, which could temper the positive earnings reaction. Guidance details

Nexxen International Company Profile

Nexxen International Ltd. is an advertising technology company that connects advertisers and media owners through software for planning, buying, selling and measuring digital advertising. Its platform supports campaigns across connected television, online video and mobile channels. The company offers demand-side tools for advertisers, supply-side tools for publishers and media owners, and data solutions intended to help target and evaluate campaigns. Nexxen serves customers in multiple markets, including North America, Europe and Asia-Pacific.