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

Nexxen International (NASDAQ:NEXN) had its target price boosted by equities research analysts at Royal Bank of Canada from $11.00 to $13.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 27.08% from the company’s previous close.

Separately, Needham & Company LLC upped their price objective on shares of Nexxen International from $9.50 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.20.

Nexxen International Stock Up 3.2 %

NEXN stock traded up $0.32 during mid-day trading on Friday, hitting $10.23. The stock had a trading volume of 115,012 shares, compared to its average volume of 108,869. The stock has a market capitalization of $675.36 million, a price-to-earnings ratio of 255.75 and a beta of 1.93. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.04. Nexxen International has a 1-year low of $4.61 and a 1-year high of $10.47. The company has a fifty day moving average of $9.27 and a 200 day moving average of $7.85.

Institutional Trading of Nexxen International

Several hedge funds have recently added to or reduced their stakes in NEXN. GAMMA Investing LLC grew its position in Nexxen International by 2,021.9% in the 4th quarter. GAMMA Investing LLC now owns 8,424 shares of the company’s stock worth $84,000 after purchasing an additional 8,027 shares during the last quarter. JPMorgan Chase & Co. raised its stake 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 last quarter. Tidal Investments LLC grew its position in Nexxen International by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 48,072 shares of the company’s stock worth $386,000 after acquiring an additional 2,125 shares during the last quarter. Quadrature Capital Ltd bought a new position in Nexxen International in the 3rd quarter valued at $123,000. Finally, Rice Hall James & Associates LLC acquired a new position in Nexxen International in the third quarter worth $2,449,000. 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.