Navellier & Associates Inc. Makes New Investment in Nexxen International Ltd. (NASDAQ:NEXN)

Navellier & Associates Inc. bought a new position in shares of Nexxen International Ltd. (NASDAQ:NEXN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 98,192 shares of the company’s stock, valued at approximately $984,000. Navellier & Associates Inc. owned 0.15% of Nexxen International at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Nexxen International by 2,021.9% during the fourth quarter. GAMMA Investing LLC now owns 8,424 shares of the company’s stock worth $84,000 after purchasing an additional 8,027 shares during the period. Rice Hall James & Associates LLC purchased a new position in Nexxen International during the third quarter worth about $2,449,000. Blue Trust Inc. raised its stake in Nexxen International by 221.7% during the third quarter. Blue Trust Inc. now owns 5,704 shares of the company’s stock worth $46,000 after purchasing an additional 3,931 shares during the period. JPMorgan Chase & Co. increased its position in shares of Nexxen International by 24.3% during the third quarter. JPMorgan Chase & Co. now owns 57,998 shares of the company’s stock valued at $466,000 after acquiring an additional 11,346 shares during the last quarter. Finally, Tidal Investments LLC increased its position in shares of Nexxen International by 4.6% during the third quarter. Tidal Investments LLC now owns 48,072 shares of the company’s stock valued at $386,000 after acquiring an additional 2,125 shares during the last quarter. 54.24% of the stock is owned by hedge funds and other institutional investors.

Nexxen International Trading Down 2.4 %

Shares of NEXN stock opened at $8.94 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $576.85 million, a P/E ratio of 223.50 and a beta of 1.89. The company has a 50 day moving average price of $18.64 and a 200 day moving average price of $17.14. Nexxen International Ltd. has a fifty-two week low of $4.71 and a fifty-two week high of $11.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Needham & Company LLC lifted their price target 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. Royal Bank of Canada lifted their price target on shares of Nexxen International from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, JMP Securities reiterated a “market outperform” rating and set a $22.00 price target on shares of Nexxen International in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.40.

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.