Royal Bank Of Canada Issues Positive Forecast for Nexxen International (NASDAQ:NEXN) Stock Price

Nexxen International (NASDAQ:NEXN) had its price target upped by Royal Bank Of Canada from $13.00 to $14.00 in a research report report published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also recently issued reports on NEXN. BTIG Research reiterated a “buy” rating and set a $13.00 target price on shares of Nexxen International in a research report on Wednesday, October 21st. Zacks Research downgraded Nexxen International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. Wall Street Zen upgraded shares of Nexxen International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Rosenblatt Securities reaffirmed a “buy” rating and set a $16.00 target price on shares of Nexxen International in a research note on Thursday, August 13th. Finally, Needham & Company LLC increased their price objective on shares of Nexxen International from $10.50 to $13.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Nexxen International presently has an average rating of “Moderate Buy” and a consensus target price of $13.12.

Nexxen International Price Performance

Nexxen International stock traded up $0.11 during mid-day trading on Friday, hitting $10.32. The stock had a trading volume of 858,057 shares, compared to its average volume of 499,403. The firm has a market capitalization of $587.72 million, a P/E ratio of 31.27 and a beta of 1.65. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $9.00 and its 200 day moving average is $8.37. Nexxen International has a one year low of $5.60 and a one year high of $11.30.

Nexxen International (NASDAQ:NEXN) last issued its quarterly earnings results on Thursday, November 12th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Nexxen International had a return on equity of 8.48% and a net margin of 4.93%. The business had revenue of $102.93 million during the quarter, compared to analyst estimates of $100.14 million. On average, sell-side analysts forecast that Nexxen International will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Nexxen International news, Director Daniel Kerstein sold 11,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $10.38, for a total transaction of $114,180.00. Following the completion of the transaction, the director owned 34,678 shares in the company, valued at $359,957.64. This trade represents a 24.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Trading of Nexxen International

Hedge funds have recently made changes to their positions in the business. State of Wyoming boosted its stake in shares of Nexxen International by 9.8% during the 3rd quarter. State of Wyoming now owns 21,497 shares of the company’s stock worth $193,000 after purchasing an additional 1,924 shares during the period. State of Alaska Department of Revenue raised its position in Nexxen International by 20.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,067 shares of the company’s stock worth $108,000 after purchasing an additional 2,048 shares during the period. Pinnacle Holdings LLC bought a new stake in Nexxen International in the second quarter worth about $42,000. GAMMA Investing LLC lifted its stake in Nexxen International by 69.5% in the second quarter. GAMMA Investing LLC now owns 16,496 shares of the company’s stock worth $149,000 after purchasing an additional 6,764 shares during the last quarter. Finally, Brandywine Trust Co. purchased a new position in shares of Nexxen International during the second quarter valued at approximately $143,000. 54.24% of the stock is currently owned by hedge funds and other institutional investors.

Top Nexxen International Stories

Investors following NEXN have been watching these stories:

• Positive Sentiment: Royal Bank of Canada raised its price target to $14 from $13 and maintained an “outperform” rating, implying 35.7% upside from the cited $10.32 share price. Royal Bank of Canada recommendations
• Positive Sentiment: Nexxen beat Q3 estimates, reporting EPS of $0.32 versus $0.30 expected and revenue of $102.93 million versus $100.14 million expected. The company also reported record contribution ex-TAC and programmatic revenue, 39% year-over-year CTV revenue growth, and a 22% increase in adjusted EBITDA. Q3 financial results
• Negative Sentiment: 2026 revenue guidance of $388 million–$402 million has a $395 million midpoint, modestly below the analyst consensus estimate of $399.4 million, which could temper the positive earnings reaction. Guidance details

About Nexxen International

Nexxen International Ltd. is an advertising technology company that connects advertisers and media owners through software for planning, buying, selling and measuring digital advertising. Its platform supports campaigns across connected television, online video and mobile channels. The company offers demand-side tools for advertisers, supply-side tools for publishers and media owners, and data solutions intended to help target and evaluate campaigns. Nexxen serves customers in multiple markets, including North America, Europe and Asia-Pacific.