Advisors Preferred LLC Makes New Investment in Nexxen International Ltd. (NASDAQ:NEXN)

Advisors Preferred LLC bought a new position in shares of Nexxen International Ltd. (NASDAQ:NEXN) during the fourth quarter, HoldingsChannel reports. The fund bought 6,937 shares of the company’s stock, valued at approximately $69,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Nexxen International by 2,021.9% in the fourth 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. grew 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 worth $466,000 after purchasing an additional 11,346 shares during the last quarter. Tidal Investments LLC grew its stake 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 worth $386,000 after purchasing an additional 2,125 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Nexxen International in the third quarter worth $123,000. Finally, Rice Hall James & Associates LLC bought a new stake in shares of Nexxen International in the third quarter worth $2,449,000. Institutional investors own 54.24% of the company’s stock.

Nexxen International Stock Performance

Shares of NEXN stock opened at $9.40 on Friday. The firm has a 50 day moving average of $9.95 and a 200-day moving average of $8.55. The company has a market cap of $608.93 million, a price-to-earnings ratio of 235.00 and a beta of 1.89. 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 Ltd. has a 52 week low of $4.61 and a 52 week high of $10.94.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NEXN shares. JMP Securities reissued a “market outperform” rating and issued a $11.00 price objective on shares of Nexxen International in a research note on Monday, January 27th. Royal Bank of Canada boosted 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. Finally, Needham & Company LLC upped 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 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.20.

Nexxen International Company Profile

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.