Advisors Preferred LLC Makes New $69,000 Investment in Nexxen International Ltd. (NASDAQ:NEXN)

Advisors Preferred LLC purchased a new stake in Nexxen International Ltd. (NASDAQ:NEXN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,937 shares of the company’s stock, valued at approximately $69,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guinness Atkinson Asset Management Inc acquired a new stake in shares of Nexxen International in the third quarter valued at approximately $31,000. Blue Trust Inc. raised its position in shares of Nexxen International by 221.7% in the third quarter. Blue Trust Inc. now owns 5,704 shares of the company’s stock valued at $46,000 after buying an additional 3,931 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Nexxen International by 2,021.9% in the fourth quarter. GAMMA Investing LLC now owns 8,424 shares of the company’s stock valued at $84,000 after buying an additional 8,027 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Nexxen International in the third quarter valued at approximately $123,000. Finally, Marshall Wace LLP acquired a new stake in shares of Nexxen International in the second quarter valued at approximately $136,000. 54.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NEXN shares. Royal Bank of Canada lifted their price target on shares of Nexxen International from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Needham & Company LLC boosted their price objective on shares of Nexxen International from $9.50 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, JMP Securities restated a “market outperform” rating and set a $11.00 price objective on shares of Nexxen International in a research report on Monday, January 27th. One research 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.20.

Nexxen International Stock Down 1.4 %

Shares of NEXN opened at $9.40 on Friday. Nexxen International Ltd. has a one year low of $4.61 and a one year high of $10.94. The company has a market cap of $608.93 million, a P/E ratio of 235.00 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. The firm has a 50 day simple moving average of $9.95 and a two-hundred day simple moving average of $8.55.

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.