Nexxen International (NASDAQ:NEXN) Price Target Raised to $13.00 at Royal Bank of Canada

Nexxen International (NASDAQ:NEXN) had its price objective increased by Royal Bank of Canada from $11.00 to $13.00 in a report released on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Separately, Needham & Company LLC boosted their price target 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.20.

Nexxen International Stock Performance

NEXN opened at $10.39 on Friday. 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 firm has a fifty day moving average price of $9.32 and a 200 day moving average price of $7.89. Nexxen International has a 1 year low of $4.61 and a 1 year high of $10.49. The stock has a market cap of $683.63 million, a P/E ratio of 259.75 and a beta of 1.90.

Institutional Investors Weigh In On Nexxen International

A number of large investors have recently modified their holdings of NEXN. Rock Point Advisors LLC purchased a new stake in shares of Nexxen International during the second quarter worth $3,562,000. Dimensional Fund Advisors LP purchased a new stake in shares of Nexxen International during the second quarter worth $451,000. Renaissance Technologies LLC purchased a new stake in shares of Nexxen International in the second quarter valued at about $810,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Nexxen International in the second quarter valued at about $141,000. Finally, Marshall Wace LLP purchased a new stake in shares of Nexxen International in the second quarter valued at about $136,000. Hedge funds and other institutional investors own 54.24% of the company’s stock.

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.