Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) have been assigned an average rating of “Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is $15.33.

NEXN has been the subject of several analyst reports. Raymond James Financial upgraded shares of Nexxen International from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a research note on Monday, May 5th. Wall Street Zen downgraded Nexxen International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price target on shares of Nexxen International in a report on Friday, May 23rd. Scotiabank assumed coverage on Nexxen International in a research note on Monday, March 31st. They issued a “sector outperform” rating and a $17.00 price objective for the company. Finally, Royal Bank Of Canada raised their target price on Nexxen International from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Monday, May 12th.

Nexxen International Stock Up 2.0%

NEXN opened at $10.44 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.46 and a quick ratio of 1.46. The company’s 50-day moving average is $10.71 and its 200 day moving average is $12.58. Nexxen International has a fifty-two week low of $6.93 and a fifty-two week high of $21.88. The firm has a market capitalization of $662.10 million, a P/E ratio of 20.47 and a beta of 1.75.

Institutional Trading of Nexxen International

A number of large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Nexxen International by 234.6% during the 1st quarter. GAMMA Investing LLC now owns 28,190 shares of the company’s stock valued at $235,000 after buying an additional 19,766 shares during the last quarter. Millennium Management LLC raised its stake in Nexxen International by 45.7% in the 4th quarter. Millennium Management LLC now owns 98,742 shares of the company’s stock valued at $989,000 after acquiring an additional 30,973 shares during the period. Sei Investments Co. purchased a new stake in Nexxen International during the fourth quarter valued at about $127,000. Bank of America Corp DE lifted its holdings in Nexxen International by 1,898.3% during the fourth quarter. Bank of America Corp DE now owns 15,107 shares of the company’s stock valued at $151,000 after purchasing an additional 14,351 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Nexxen International during the fourth quarter worth about $121,000. 54.24% of the stock is owned by hedge funds and other institutional investors.

About Nexxen International

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.