Analyst Ratings For Nexxen International
Throughout the last three months, 5 analysts have evaluated Nexxen International (NASDAQ:NEXN), offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 2 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $8.5, a high estimate of $11.00, and a low estimate of $6.00. This current average has increased by 1.19% from the previous average price target of $8.40.
Diving into Analyst Ratings: An In-Depth Exploration
In examining recent analyst actions, we gain insights into how financial experts perceive Nexxen International. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $11.00 | $11.00 |
| Matthew Swanson | RBC Capital | Maintains | Outperform | $8.00 | $8.00 |
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $11.00 | $11.00 |
| Laura Martin | Needham | Maintains | Buy | $6.50 | $6.50 |
| Mark Kelley | Stifel | Raises | Hold | $6.00 | $5.50 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Nexxen International. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Nexxen International compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Nexxen International's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Nexxen International's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
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About Nexxen International
Nexxen International Ltd empowers advertisers, agencies, publishers, and broadcasters to utilize video and connected TV. It is a demand-side platform (DSP), supply-side platform (SSP), ad server, and data management platform (DMP) and also delivers a flexible and unified technology stack with advanced and exclusive data at its core.
A Deep Dive into Nexxen International's Financials
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Negative Revenue Trend: Examining Nexxen International's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -22.4% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Nexxen International's net margin excels beyond industry benchmarks, reaching -9.24%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Nexxen International's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -1.29%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Nexxen International's ROA excels beyond industry benchmarks, reaching -0.78%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.26.
Analyst Ratings: What Are They?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.