Nexxen International (NASDAQ:NEXN) Posts Earnings Results, Beats Estimates By $0.13 EPS

Nexxen International (NASDAQ:NEXN) announced its earnings results on Wednesday. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.13, Zacks reports. Nexxen International had a net margin of 3.96% and a return on equity of 7.49%.

Nexxen International Trading Up 0.3 %

Shares of Nexxen International stock opened at $7.42 on Wednesday. Nexxen International has a 12-month low of $6.93 and a 12-month high of $21.88. The stock has a market cap of $478.78 million, a price-to-earnings ratio of 185.50 and a beta of 1.89. The company has a fifty day simple moving average of $16.99 and a 200-day simple moving average of $16.89. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.04.

Wall Street Analysts Forecast Growth

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

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.