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

Nexxen International (NASDAQ:NEXN) had its target price raised by stock analysts at Scotiabank from $11.00 to $13.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 24.16% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC boosted their target price on Nexxen International from $10.50 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday. Wall Street Zen upgraded Nexxen International from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Royal Bank Of Canada raised their target price on shares of Nexxen International from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday. Craig Hallum upgraded shares of Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Thursday, July 9th. Finally, Raymond James Financial boosted their price target on shares of Nexxen International from $9.00 to $11.00 and gave the stock an “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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.89.

Nexxen International Stock Down 2.5%

Shares of NEXN opened at $10.47 on Thursday. The company has a 50-day simple moving average of $9.62 and a 200-day simple moving average of $7.94. The firm has a market capitalization of $589.25 million, a P/E ratio of 47.59 and a beta of 1.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.26. Nexxen International has a 52 week low of $5.60 and a 52 week high of $11.30.

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

Insider Buying and Selling at Nexxen International

In related news, CFO Sagi Niri sold 17,578 shares of the 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 sale, the chief financial officer owned 126,488 shares of the company’s stock, valued at $1,329,388.88. This represents a 12.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 258,468 shares of company stock worth $2,350,050 over the last three months.

Institutional Investors Weigh In On Nexxen International

A number of hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System bought a new stake in Nexxen International during the 2nd quarter worth $25,000. Pinnacle Holdings LLC bought a new stake in shares of Nexxen International during the second quarter worth about $42,000. Quantbot Technologies LP bought a new stake in shares of Nexxen International during the third quarter worth about $43,000. Jump Financial LLC acquired a new position in shares of Nexxen International in the fourth quarter valued at approximately $95,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Nexxen International in the second quarter valued at approximately $124,000. 54.24% of the stock is currently owned by institutional investors and hedge funds.

Key Nexxen International News

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.

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.