Stifel Nicolaus Increases Nexxen International (NASDAQ:NEXN) Price Target to $6.00

Nexxen International (NASDAQ:NEXN) had its price target raised by analysts at Stifel Nicolaus from $5.50 to $6.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 0.17% from the stock’s current price.

Several other research firms have also commented on NEXN. Needham & Company LLC reaffirmed a “buy” rating and set a $6.50 price target on shares of Nexxen International in a research report on Tuesday. JMP Securities reiterated a “market outperform” rating and set a $11.00 price target on shares of Nexxen International in a research note on Thursday, March 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $8.00 price objective on shares of Nexxen International in a research note on Thursday, March 7th.

Nexxen International Price Performance

Shares of Nexxen International stock opened at $5.99 on Tuesday. 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 52 week low of $3.15 and a 52 week high of $7.76. The company has a 50 day moving average of $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 (NASDAQ:NEXN) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.14). Nexxen International had a negative net margin of 3.12% and a positive return on equity of 4.82%. The company had revenue of $95.90 million during the quarter, compared to analysts’ expectations of $91.75 million. During the same period last year, the firm earned $0.09 earnings per share. As a group, research analysts expect that Nexxen International will post 0.65 earnings per share for the current fiscal 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.