Nexxen International (NASDAQ:NEXN) Receives Market Outperform Rating from JMP Securities

Nexxen International (NASDAQ:NEXN)‘s stock had its “market outperform” rating reissued by equities research analysts at JMP Securities in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $11.00 target price on the stock. JMP Securities’ price objective indicates a potential upside of 83.64% from the stock’s previous close.

A number of other brokerages have also weighed in on NEXN. Royal Bank of Canada restated an “outperform” rating and issued a $8.00 price objective on shares of Nexxen International in a report on Tuesday. Stifel Nicolaus raised their price target on Nexxen International from $5.50 to $6.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $6.50 price objective on shares of Nexxen International in a research report on Tuesday.

Nexxen International Price Performance

NEXN opened at $5.99 on Tuesday. The business’s fifty day moving average is $5.45. 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 has a 12 month low of $3.15 and a 12 month high of $7.76. The firm has a market cap of $416.90 million, a PE ratio of -46.08 and a beta of 1.81.

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 company had revenue of $95.90 million for the quarter, compared to analyst estimates of $91.75 million. Nexxen International had a positive return on equity of 4.82% and a negative net margin of 3.12%. During the same period in the prior year, the firm posted $0.09 earnings per share. On average, research analysts anticipate that Nexxen International will post 0.65 earnings per share for the current year.

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.