Nexxen International (NASDAQ:NEXN) Sees Strong Trading Volume – What’s Next?

Shares of Nexxen International Ltd. (NASDAQ:NEXN) saw unusually-high trading volume on Friday . Approximately 42,648 shares traded hands during trading, a decline of 39% from the previous session’s volume of 69,547 shares.The stock last traded at $10.11 and had previously closed at $9.91.

Analysts Set New Price Targets

Separately, Needham & Company LLC increased their price target on Nexxen International from $9.50 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Nexxen International has an average rating of “Moderate Buy” and an average price target of $9.80.

Nexxen International Price Performance

The firm has a market capitalization of $667.44 million, a P/E ratio of 252.75 and a beta of 1.93. The stock’s 50 day simple moving average is $9.27 and its 200 day simple moving average is $7.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.43 and a current ratio of 1.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NEXN. Rock Point Advisors LLC bought a new position in shares of Nexxen International during the 2nd quarter worth $3,562,000. Rice Hall James & Associates LLC purchased a new stake in shares of Nexxen International in the 3rd quarter worth approximately $2,449,000. Renaissance Technologies LLC bought a new position in shares of Nexxen International during the second quarter valued at approximately $810,000. Dimensional Fund Advisors LP purchased a new position in Nexxen International during the second quarter valued at approximately $451,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in Nexxen International during the second quarter worth $141,000. Institutional investors own 54.24% of the company’s stock.

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.