98,192 Shares in Nexxen International Ltd. (NASDAQ:NEXN) Acquired by Navellier & Associates Inc.

Navellier & Associates Inc. purchased a new position in Nexxen International Ltd. (NASDAQ:NEXN) in the fourth quarter, Holdings Channel reports. The fund purchased 98,192 shares of the company’s stock, valued at approximately $984,000.

A number of other institutional investors also recently added to or reduced their stakes in NEXN. Rice Hall James & Associates LLC purchased a new position in Nexxen International in the third quarter worth approximately $2,449,000. Quadrature Capital Ltd purchased a new position in Nexxen International in the third quarter worth approximately $123,000. D.A. Davidson & CO. purchased a new position in Nexxen International in the fourth quarter worth approximately $121,000. JPMorgan Chase & Co. lifted its stake in Nexxen International by 24.3% in the third quarter. JPMorgan Chase & Co. now owns 57,998 shares of the company’s stock worth $466,000 after acquiring an additional 11,346 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Nexxen International by 2,021.9% during the 4th quarter. GAMMA Investing LLC now owns 8,424 shares of the company’s stock worth $84,000 after buying an additional 8,027 shares during the last quarter. Hedge funds and other institutional investors own 54.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NEXN. Royal Bank of Canada boosted their price objective on shares of Nexxen International from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. JMP Securities restated a “market outperform” rating and set a $22.00 price objective on shares of Nexxen International in a research report on Monday, January 27th. Finally, Needham & Company LLC boosted their price objective on shares of Nexxen International from $19.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Nexxen International presently has an average rating of “Moderate Buy” and an average price target of $20.40.

Nexxen International Stock Down 2.4 %

NEXN stock opened at $8.94 on Friday. The company has a fifty day moving average price of $18.64 and a 200 day moving average price of $17.14. Nexxen International Ltd. has a 12 month low of $4.71 and a 12 month high of $11.00. The company has a market cap of $576.85 million, a price-to-earnings ratio of 223.50 and a beta of 1.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.43 and a quick ratio of 1.43.

Nexxen International 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.