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

Nexxen International (NASDAQ:NEXN) had its target price lifted by Royal Bank of Canada from $11.00 to $13.00 in a report released on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Separately, Needham & Company LLC lifted their price objective on shares of Nexxen International from $9.50 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.20.

Nexxen International Stock Up 4.8 %

Shares of Nexxen International stock opened at $10.39 on Friday. The firm’s 50 day moving average price is $9.32 and its 200-day moving average price is $7.89. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.04. Nexxen International has a 52-week low of $4.61 and a 52-week high of $10.49. The company has a market cap of $683.63 million, a P/E ratio of 259.75 and a beta of 1.90.

Institutional Trading of Nexxen International

A number of institutional investors have recently bought and sold shares of NEXN. Guinness Atkinson Asset Management Inc acquired a new stake in Nexxen International in the 3rd quarter worth approximately $31,000. Blue Trust Inc. lifted its stake in Nexxen International by 221.7% during the 3rd quarter. Blue Trust Inc. now owns 5,704 shares of the company’s stock valued at $46,000 after acquiring an additional 3,931 shares during the period. GAMMA Investing LLC lifted its stake in Nexxen International by 2,021.9% during the 4th quarter. GAMMA Investing LLC now owns 8,424 shares of the company’s stock valued at $84,000 after acquiring an additional 8,027 shares during the period. Quadrature Capital Ltd acquired a new stake in Nexxen International during the 3rd quarter valued at approximately $123,000. Finally, Marshall Wace LLP acquired a new stake in Nexxen International during the 2nd quarter valued at approximately $136,000. 54.24% of the stock is currently owned by institutional investors and hedge funds.

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.