Nexxen International (NASDAQ:NEXN) Shares Gap Down – What’s Next?

Nexxen International Ltd. (NASDAQ:NEXN) shares gapped down prior to trading on Thursday . The stock had previously closed at $9.76, but opened at $9.39. Nexxen International shares last traded at $9.43, with a volume of 41,186 shares changing hands.

Analyst Ratings Changes

A number of research analysts have issued reports on NEXN shares. Needham & Company LLC boosted their price target on Nexxen International from $9.50 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and set a $11.00 price objective on shares of Nexxen International in a research note on Monday, January 27th. Finally, Royal Bank of Canada increased their target price on shares of Nexxen International from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.20.

Nexxen International Trading Down 1.4 %

The firm has a 50-day moving average price of $9.96 and a 200-day moving average price of $8.53. The company has a market capitalization of $608.93 million, a price-to-earnings ratio of 235.00 and a beta of 1.89. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Nexxen International

Several hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP acquired a new stake in Nexxen International during the second quarter valued at approximately $451,000. Marshall Wace LLP acquired a new stake in shares of Nexxen International during the 2nd quarter valued at $136,000. Guinness Atkinson Asset Management Inc bought a new stake in shares of Nexxen International during the 3rd quarter worth $31,000. Blue Trust Inc. grew its holdings in shares of Nexxen International by 221.7% in the 3rd quarter. Blue Trust Inc. now owns 5,704 shares of the company’s stock worth $46,000 after acquiring an additional 3,931 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Nexxen International during the third quarter worth $2,449,000. Institutional investors and hedge funds own 54.24% of the company’s stock.

Nexxen International Company Profile

Nexxen International Ltd. provides end-to-end software platform that enables advertisers to reach publishers Israel. 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.