Nexxen International’s (NEXN) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Nexxen International (NASDAQ:NEXN) in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a $8.00 price objective on the stock.

NEXN has been the subject of a number of other reports. Stifel Nicolaus lifted their price target on Nexxen International from $5.50 to $6.00 and gave the stock a hold rating in a research note on Tuesday. Needham & Company LLC reiterated a buy rating and issued a $6.50 target price on shares of Nexxen International in a research report on Tuesday. Finally, JMP Securities reiterated a market outperform rating and issued a $11.00 price target on shares of Nexxen International in a report on Thursday, March 7th.

Nexxen International Stock Up 1.4 %

Shares of NASDAQ NEXN opened at $6.08 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.97 and a debt-to-equity ratio of 0.05. Nexxen International has a fifty-two week low of $3.15 and a fifty-two week high of $7.76. The company’s 50 day simple moving average is $5.47. The firm has a market cap of $422.83 million, a price-to-earnings ratio of -46.73 and a beta of 1.81.

Nexxen International (NASDAQ:NEXN) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.14). Nexxen International had a positive return on equity of 4.86% and a negative net margin of 3.12%. The company had revenue of $95.90 million during the quarter, compared to the consensus estimate of $91.75 million. During the same quarter last year, the firm posted $0.09 EPS. On average, analysts anticipate that Nexxen International will post 0.65 earnings per share for the current year.

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.