Nexxen International (NASDAQ:NEXN) Price Target Raised to $12.00 at Needham & Company LLC

Nexxen International (NASDAQ:NEXN) had its price objective increased by research analysts at Needham & Company LLC from $9.50 to $12.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective points to a potential upside of 16.62% from the stock’s current price.

Several other research analysts have also recently issued reports on NEXN. Royal Bank of Canada lifted their target price on shares of Nexxen International from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Lake Street Capital raised their price target on shares of Nexxen International from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One equities 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.80.

Nexxen International Price Performance

Shares of NASDAQ:NEXN opened at $10.29 on Tuesday. The business has a fifty day moving average price of $8.53 and a 200-day moving average price of $7.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $683.15 million, a PE ratio of 257.25 and a beta of 1.93. Nexxen International has a 1-year low of $4.17 and a 1-year high of $10.47.

Institutional Trading of Nexxen International

Several large investors have recently added to or reduced their stakes in NEXN. Rock Point Advisors LLC bought a new stake in shares of Nexxen International during the 2nd quarter valued at $3,562,000. Rice Hall James & Associates LLC bought a new stake in shares of Nexxen International during the third quarter valued at approximately $2,449,000. Renaissance Technologies LLC purchased a new position in shares of Nexxen International in the second quarter worth $810,000. Dimensional Fund Advisors LP bought a new position in shares of Nexxen International during the second quarter worth $451,000. Finally, Tidal Investments LLC grew its stake in Nexxen International by 4.6% during the third quarter. Tidal Investments LLC now owns 48,072 shares of the company’s stock valued at $386,000 after acquiring an additional 2,125 shares in the last quarter. 54.24% of the stock is currently owned by institutional investors.

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.