Rock Point Advisors LLC Has $4.20 Million Stake in Nexxen International Ltd. (NASDAQ:NEXN)

Rock Point Advisors LLC reduced its stake in Nexxen International Ltd. (NASDAQ:NEXN) by 17.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 522,850 shares of the company’s stock after selling 110,920 shares during the period. Rock Point Advisors LLC’s holdings in Nexxen International were worth $4,204,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC acquired a new position in shares of Nexxen International in the second quarter valued at approximately $810,000. Dimensional Fund Advisors LP acquired a new position in Nexxen International in the second quarter valued at $451,000. Rice Hall James & Associates LLC bought a new stake in shares of Nexxen International during the 3rd quarter valued at about $2,449,000. Blue Trust Inc. boosted its holdings in shares of Nexxen International by 221.7% during the 3rd quarter. Blue Trust Inc. now owns 5,704 shares of the company’s stock worth $46,000 after buying an additional 3,931 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Nexxen International in the second quarter worth $141,000. 54.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on NEXN. Needham & Company LLC boosted their price objective on Nexxen International from $8.50 to $9.50 and gave the company a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada increased their price target on Nexxen International from $9.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Finally, Lake Street Capital boosted their price objective on Nexxen International from $7.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.30.

Nexxen International Stock Performance

Nexxen International stock traded up $0.08 during mid-day trading on Tuesday, reaching $9.87. The company’s stock had a trading volume of 12,994 shares, compared to its average volume of 76,831. The company has a market capitalization of $656.80 million, a P/E ratio of 244.75 and a beta of 1.86. The firm’s fifty day moving average price is $8.11 and its two-hundred day moving average price is $7.12. Nexxen International Ltd. has a 12-month low of $3.47 and a 12-month high of $10.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.43 and a current ratio of 1.43.

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.