3 days Ago By Defense World Staff
Nexxen International ( NASDAQ:NEXN – Free Report ) had its target price raised by Needham & Company LLC from $8.50 to $9.50 in a report released on Friday morning, Benzinga reports.
They currently have a buy rating on the stock. Several other equities research analysts have also recently commented on NEXN. Royal Bank of Canada boosted their target price on Nexxen International from $9.
00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Lake Street Capital raised their target price on shares of Nexxen International from $7.
00 to $9.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock.
According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.30.
Check Out Our Latest Analysis on NEXN Nexxen International Stock Up 20.7 % Nexxen International ( NASDAQ:NEXN – Get Free Report ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.
07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02).
Nexxen International had a negative net margin of 0.57% and a positive return on equity of 5.92%.
The company had revenue of $88.58 million during the quarter, compared to the consensus estimate of $85.75 million.
During the same period in the previous year, the firm posted $0.03 EPS. Analysts expect that Nexxen International will post 0.
55 EPS for the current year. Institutional Trading of Nexxen International Hedge funds and other institutional investors have recently modified their holdings of the stock. Guinness Atkinson Asset Management Inc acquired a new position in Nexxen International in the 3rd quarter valued at $31,000.
Blue Trust Inc. boosted its position in shares of Nexxen International by 221.7% in the third quarter.
Blue Trust Inc. now owns 5,704 shares of the company’s stock valued at $46,000 after acquiring an additional 3,931 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Nexxen International in the third quarter valued at about $123,000.
Marshall Wace LLP bought a new position in Nexxen International during the second quarter worth about $136,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Nexxen International in the 2nd quarter worth about $141,000. Institutional investors own 54.
24% of the company’s stock. Nexxen International Company Profile ( Get Free Report ) 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. Read More Five stocks we like better than Nexxen International How to Read Stock Charts for Beginners Is Monolithic Power Systems a Screaming Buy After Near 40% Drop? Pros And Cons Of Monthly Dividend Stocks Applied Materials Market Capitulates: Now is the Time to Buy What does consumer price index measure? 3 Ultra-High Dividend Yield Stocks for the New Year Receive News & Ratings for Nexxen International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexxen International and related companies with MarketBeat.com's FREE daily email newsletter .
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