Needham & Company LLC Reiterates “Buy” Rating for Nexxen International (NASDAQ:NEXN)

Needham & Company LLC reiterated their buy rating on shares of Nexxen International (NASDAQ:NEXNFree Report) in a research report released on Tuesday morning, Benzinga reports. The firm currently has a $6.50 target price on the stock.

NEXN has been the topic of a number of other reports. JMP Securities reiterated a market outperform rating and set a $11.00 price objective on shares of Nexxen International in a research note on Thursday, March 7th. Royal Bank of Canada restated an outperform rating and issued a $8.00 price objective on shares of Nexxen International in a research report on Thursday, March 7th. Finally, Stifel Nicolaus increased their target price on shares of Nexxen International from $4.00 to $5.50 and gave the stock a hold rating in a research note on Thursday, March 7th.

Read Our Latest Report on NEXN

Nexxen International Stock Performance

NASDAQ NEXN opened at $6.18 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.36 and a quick ratio of 1.97. Nexxen International has a 52-week low of $3.15 and a 52-week high of $7.76. The stock’s 50-day moving average is $5.50.

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

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.

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