Police & Firemen s Retirement System of New Jersey Invests $90,000 in Nexxen International Ltd. Sponsored ADR $NEXN

Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) during the second quarter, Holdings Channel reports. The fund purchased 8,686 shares of the company’s stock, valued at approximately $90,000.

A number of other large investors have also recently bought and sold shares of the business. Jump Financial LLC acquired a new position in Nexxen International during the first quarter worth $146,000. Quantbot Technologies LP acquired a new stake in shares of Nexxen International in the first quarter worth about $153,000. Geode Capital Management LLC boosted its stake in shares of Nexxen International by 1,062.0% during the 2nd quarter. Geode Capital Management LLC now owns 509,808 shares of the company’s stock worth $5,307,000 after acquiring an additional 465,936 shares in the last quarter. Finally, JB Capital Partners LP increased its holdings in shares of Nexxen International by 2,490.0% during the 1st quarter. JB Capital Partners LP now owns 3,492,557 shares of the company’s stock valued at $29,163,000 after acquiring an additional 3,357,707 shares during the last quarter. 54.24% of the stock is currently owned by institutional investors.

Nexxen International Price Performance

NASDAQ:NEXN opened at $6.48 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $367.45 million, a P/E ratio of 10.79 and a beta of 1.70. The company has a fifty day moving average price of $8.05 and a 200 day moving average price of $9.46. Nexxen International Ltd. Sponsored ADR has a one year low of $6.08 and a one year high of $12.60.

Nexxen International announced that its board has authorized a share repurchase program on Friday, August 15th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citizens Jmp reduced their target price on Nexxen International from $15.00 to $12.00 and set a “market outperform” rating for the company in a report on Friday, November 14th. BTIG Research reduced their price objective on shares of Nexxen International from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Wall Street Zen lowered shares of Nexxen International from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Nexxen International in a research report on Wednesday, October 8th. Finally, Canaccord Genuity Group lowered their price target on Nexxen International from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.60.

About Nexxen International

Tremor International Ltd provides end-to-end software platform that enables advertisers to reach relevant audiences and publishers. 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.