In a report released today, Eric Martinuzzi from Lake Street maintained a Buy rating on Nexxen International (NEXN – Research Report), with a price target of $7.00. The company’s shares closed yesterday at $4.84.
Martinuzzi covers the Technology sector, focusing on stocks such as Par Technology, Quantum, and Asure. According to TipRanks, Martinuzzi has an average return of 5.0% and a 43.64% success rate on recommended stocks.
Currently, the analyst consensus on Nexxen International is a Strong Buy with an average price target of $7.60, implying a 57.02% upside from current levels. In a report released on March 7, JMP Securities also maintained a Buy rating on the stock with a $11.00 price target.
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NEXN market cap is currently $346.1M and has a P/E ratio of -16.04.
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Nexxen International (NEXN) Company Description:
Tremor International Ltd offers advertising technologies with operations in more than 60 countries. It offers data-focused marketing solutions that drive brand insight in mobile, leveraging video, native, and display to reach the users for every app, service, and brand. The group’s business divisions include Tremor Video, Unruly, RhythmOne, and Taptica. Geographically, it derives a majority of revenue from America and also has a presence in Asia, Europe, Israel, China, and other countries.
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