Nexxen International (NASDAQ:NEXN) Earns “Market Outperform” Rating from JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Nexxen International (NASDAQ:NEXN) in a report released on Tuesday, Benzinga reports. They currently have a $11.00 price objective on the stock.

Several other analysts have also issued reports on NEXN. Needham & Company LLC reaffirmed a buy rating and set a $6.50 price target on shares of Nexxen International in a research report on Tuesday. Royal Bank of Canada reaffirmed an outperform rating and set a $8.00 price target on shares of Nexxen International in a research report on Tuesday. Finally, Stifel Nicolaus upped their price target on shares of Nexxen International from $5.50 to $6.00 and gave the stock a hold rating in a research report on Tuesday.

Nexxen International Price Performance

Shares of NEXN stock opened at $6.18 on Tuesday. The stock has a fifty day simple moving average of $5.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.97 and a current ratio of 1.36. Nexxen International has a 12 month low of $3.15 and a 12 month high of $7.76.

Nexxen International (NASDAQ:NEXN) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.14). The business had revenue of $95.90 million during the quarter, compared to the consensus estimate of $91.75 million. Nexxen International had a positive return on equity of 4.86% and a negative net margin of 3.12%. During the same period in the prior year, the firm earned $0.09 EPS. As a group, sell-side analysts forecast that Nexxen International will post 0.65 EPS for the current year.

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.