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

Nexxen International (NASDAQ:NEXN) had its price target hoisted by analysts at Royal Bank of Canada from $11.00 to $13.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 25.12% from the stock’s current price.

Separately, Needham & Company LLC lifted their target price 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 equities research analyst has rated the stock with a hold rating and four have given a buy 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 price target of $10.20.

Nexxen International Trading Up 4.8 %

NEXN stock opened at $10.39 on Friday. The company has a market capitalization of $683.63 million, a PE ratio of 259.75 and a beta of 1.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.43 and a current ratio of 1.43. Nexxen International has a one year low of $4.61 and a one year high of $10.49. The company’s 50 day moving average price is $9.32 and its two-hundred day moving average price is $7.88.

Institutional Trading of Nexxen International

A number of institutional investors have recently made changes to their positions in NEXN. GAMMA Investing LLC raised its holdings 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 buying an additional 8,027 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Nexxen International by 24.3% in the third quarter. JPMorgan Chase & Co. now owns 57,998 shares of the company’s stock valued at $466,000 after acquiring an additional 11,346 shares during the period. Tidal Investments LLC increased its position in shares of Nexxen International by 4.6% in the third quarter. Tidal Investments LLC now owns 48,072 shares of the company’s stock valued at $386,000 after acquiring an additional 2,125 shares during the period. Quadrature Capital Ltd bought a new position in shares of Nexxen International during the third quarter valued at about $123,000. Finally, Rice Hall James & Associates LLC purchased a new stake in shares of Nexxen International during the third quarter worth about $2,449,000. Hedge funds and other institutional investors own 54.24% of the company’s stock.

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.