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

Nexxen International (NASDAQ:NEXN)‘s stock had its “market outperform” rating reaffirmed by stock analysts at JMP Securities in a research note issued on Monday,Benzinga reports. They presently have a $11.00 price objective on the stock. JMP Securities’ price objective points to a potential upside of 12.82% from the company’s previous close.

NEXN has been the topic of a number of other reports. Needham & Company LLC raised their target price on shares of Nexxen International from $9.50 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada lifted their price objective on Nexxen International from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Nexxen International presently has a consensus rating of “Moderate Buy” and an average price target of $10.20.

Nexxen International Stock Performance

NASDAQ:NEXN opened at $9.75 on Monday. The company has a market cap of $633.99 million, a P/E ratio of 243.75 and a beta of 1.90. Nexxen International has a twelve month low of $4.61 and a twelve month high of $10.94. The company’s 50-day moving average price is $9.97 and its 200-day moving average price is $8.36. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.04.

Institutional Trading of Nexxen International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Preferred LLC purchased a new stake in Nexxen International in the 4th quarter valued at about $69,000. GAMMA Investing LLC increased its position in shares of Nexxen International by 2,021.9% during the fourth quarter. GAMMA Investing LLC now owns 8,424 shares of the company’s stock valued at $84,000 after acquiring 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 3rd 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 period. Tidal Investments LLC lifted its holdings in shares of Nexxen International by 4.6% in 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. Finally, Quadrature Capital Ltd purchased a new position in shares of Nexxen International during the 3rd quarter worth approximately $123,000. Institutional investors and hedge funds 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.