Nexxen International (NEXN) Projected to Post Earnings on Wednesday

Nexxen International (NASDAQ:NEXN) will likely be releasing its earnings data before the market opens on Wednesday, March 5th. Analysts expect Nexxen International to post earnings of $0.32 per share and revenue of $107.60 million for the quarter.

Nexxen International Price Performance

Shares of NEXN opened at $7.40 on Tuesday. The business’s fifty day moving average is $17.24 and its 200 day moving average is $16.94. Nexxen International has a 12-month low of $4.71 and a 12-month high of $11.00. 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 stock has a market cap of $477.49 million, a P/E ratio of 185.00 and a beta of 1.89.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NEXN shares. JMP Securities reiterated a “market outperform” rating and set a $22.00 price objective on shares of Nexxen International in a report on Monday, January 27th. Needham & Company LLC lifted their price target on Nexxen International from $19.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada increased their price objective on Nexxen International from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $20.40.

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.