JMP Securities Reiterates Market Outperform Rating for Nexxen International (NASDAQ:NEXN)

Nexxen International (NASDAQ:NEXN)‘s stock had its “market outperform” rating reissued by stock analysts at JMP Securities in a research note issued to investors on Monday,Benzinga reports. They presently have a $11.00 target price on the stock. JMP Securities’ price objective indicates a potential upside of 12.82% from the stock’s previous close.

NEXN has been the topic of a number of other research reports. Royal Bank of Canada raised their price objective on shares of Nexxen International from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Needham & Company LLC raised their price target on shares of Nexxen International from $9.50 to $12.00 and gave the company 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 stock. According to data from MarketBeat, Nexxen International presently has an average rating of “Moderate Buy” and an average target price of $10.20.

Nexxen International Stock Up 5.3 %

Nexxen International stock opened at $9.75 on Monday. The business’s 50-day moving average price is $9.97 and its 200 day moving average price is $8.36. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.04. The firm has a market cap of $633.99 million, a price-to-earnings ratio of 243.75 and a beta of 1.90. Nexxen International has a 52 week low of $4.61 and a 52 week high of $10.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP acquired a new position in Nexxen International during the second quarter worth $451,000. Renaissance Technologies LLC purchased a new stake in shares of Nexxen International during the second quarter worth about $810,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Nexxen International during the 2nd quarter worth about $141,000. Marshall Wace LLP purchased a new position in Nexxen International in the 2nd quarter valued at about $136,000. Finally, Guinness Atkinson Asset Management Inc acquired a new stake in Nexxen International in the 3rd quarter worth about $31,000. 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.