Nexxen International (NASDAQ:NEXN) Earns Outperform Rating from Royal Bank of Canada

Nexxen International (NASDAQ:NEXN)‘s stock had its “outperform” rating reissued by analysts at Royal Bank of Canada in a research report issued on Tuesday, Benzinga reports. They currently have a $8.00 price target on the stock. Royal Bank of Canada’s price target indicates a potential upside of 33.56% from the company’s previous close.

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

Nexxen International Stock Performance

NEXN stock opened at $5.99 on Tuesday. The stock’s 50 day moving average price is $5.45. The stock has a market capitalization of $416.90 million, a price-to-earnings ratio of -46.08 and a beta of 1.81. Nexxen International has a fifty-two week low of $3.15 and a fifty-two week high of $7.76. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.97 and a quick ratio of 1.97.

Nexxen International (NASDAQ:NEXN) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.14). The firm had revenue of $95.90 million during the quarter, compared to analysts’ expectations of $91.75 million. Nexxen International had a negative net margin of 3.12% and a positive return on equity of 4.82%. During the same period in the prior year, the company posted $0.09 earnings per share. Equities analysts forecast that Nexxen International will post 0.65 EPS for the current fiscal 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.