JMP Securities Reaffirms Market Outperform Rating for Nexxen International (NASDAQ:NEXN)

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

Several other brokerages have also recently commented on NEXN. Needham & Company LLC increased their price target on Nexxen International from $9.50 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada lifted their price target on Nexxen International from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Nexxen International currently has an average rating of “Moderate Buy” and a consensus price target of $10.20.

Nexxen International Stock Performance

Shares of NASDAQ NEXN opened at $9.63 on Monday. The stock has a 50 day moving average price of $9.99 and a 200 day moving average price of $8.38. Nexxen International has a 52 week low of $4.61 and a 52 week high of $10.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $628.65 million, a PE ratio of 240.75 and a beta of 1.90.

Hedge Funds Weigh In On Nexxen International

Several hedge funds and other institutional investors have recently modified their holdings of NEXN. Dimensional Fund Advisors LP bought a new position in shares of Nexxen International in the 2nd quarter valued at $451,000. Renaissance Technologies LLC acquired a new position in Nexxen International during the 2nd quarter worth about $810,000. Vanguard Personalized Indexing Management LLC acquired a new position in Nexxen International during the 2nd quarter worth about $141,000. Marshall Wace LLP acquired a new position in shares of Nexxen International in the 2nd quarter valued at about $136,000. Finally, Guinness Atkinson Asset Management Inc acquired a new position in shares of Nexxen International in the 3rd quarter valued at about $31,000. 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.