Nexxen International (NASDAQ:NEXN) Sees Unusually-High Trading Volume – Here’s Why

Shares of Nexxen International Ltd. (NASDAQ:NEXN) saw an uptick in trading volume on Friday . 42,648 shares were traded during mid-day trading, a decline of 39% from the previous session’s volume of 69,547 shares.The stock last traded at $10.11 and had previously closed at $9.91.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC lifted their target price on shares of Nexxen International from $9.50 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Nexxen International has an average rating of “Moderate Buy” and an average price target of $9.80.

Nexxen International Stock Performance

The stock has a market cap of $667.44 million, a P/E ratio of 252.75 and a beta of 1.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.43 and a quick ratio of 1.43. The firm’s 50-day moving average price is $9.27 and its 200-day moving average price is $7.85.

Institutional Investors Weigh In On Nexxen International

Several large investors have recently made changes to their positions in NEXN. Tidal Investments LLC raised its stake in Nexxen International by 4.6% during the third quarter. Tidal Investments LLC now owns 48,072 shares of the company’s stock valued at $386,000 after purchasing an additional 2,125 shares in the last quarter. Guinness Atkinson Asset Management Inc purchased a new stake in Nexxen International during the third quarter valued at approximately $31,000. Blue Trust Inc. lifted its stake in shares of Nexxen International by 221.7% in the 3rd quarter. Blue Trust Inc. now owns 5,704 shares of the company’s stock valued at $46,000 after purchasing an additional 3,931 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Nexxen International by 2,021.9% in the 4th quarter. GAMMA Investing LLC now owns 8,424 shares of the company’s stock worth $84,000 after purchasing an additional 8,027 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Nexxen International by 24.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 57,998 shares of the company’s stock valued at $466,000 after purchasing an additional 11,346 shares during the last quarter. 54.24% of the stock is owned by institutional investors.

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.