Nexxen International (NASDAQ:NEXN) Sees Unusually-High Trading Volume – Should You Buy?

Nexxen International Ltd. (NASDAQ:NEXN) saw strong trading volume on Wednesday . 76,653 shares changed hands during trading, a decline of 11% from the previous session’s volume of 86,305 shares.The stock last traded at $9.82 and had previously closed at $10.04.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Lake Street Capital boosted their price objective on Nexxen International from $7.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Royal Bank of Canada lifted their price objective on shares of Nexxen International from $9.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Finally, Needham & Company LLC increased their target price on Nexxen International from $9.50 to $12.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.80.

Nexxen International Trading Down 0.4 %

The company has a market cap of $663.95 million, a price-to-earnings ratio of 250.00 and a beta of 1.93. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.04. The business’s fifty day simple moving average is $8.81 and its two-hundred day simple moving average is $7.57.

Institutional Investors Weigh In On Nexxen International

Several hedge funds and other institutional investors have recently bought and sold shares of NEXN. Rock Point Advisors LLC purchased a new position in shares of Nexxen International during the second quarter worth about $3,562,000. Dimensional Fund Advisors LP purchased a new position in Nexxen International during the 2nd quarter worth approximately $451,000. Renaissance Technologies LLC acquired a new position in Nexxen International during the second quarter worth approximately $810,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Nexxen International in the second quarter valued at approximately $141,000. Finally, Marshall Wace LLP acquired a new stake in shares of Nexxen International in the second quarter valued at approximately $136,000. 54.24% of the stock is currently owned by institutional investors and hedge funds.

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.