Nexxen International (NASDAQ:NEXN) Sets New 1-Year High Following Earnings Beat

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) reached a new 52-week high during trading on Thursday following a better than expected earnings announcement. The stock traded as high as $11.76 and last traded at $10.6670, with a volume of 3946 shares. The stock had previously closed at $10.74.

The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $100.52 million for the quarter, compared to analyst estimates of $94.37 million. Nexxen International had a return on equity of 7.78% and a net margin of 4.85%.

Key Headlines Impacting Nexxen International

Here are the key news stories impacting Nexxen International this week:

• Positive Sentiment: Record results and raised guidance: Nexxen reported second-quarter revenue of $100.52 million, above the $94.37 million consensus estimate, while adjusted earnings of $0.23 per share exceeded expectations by $0.01. Record contribution ex-TAC and programmatic revenue, including all-time-high quarterly connected-TV revenue, led management to raise full-year 2026 contribution ex-TAC and programmatic revenue guidance for the third time this year. Nexxen Reports Record Second Quarter 2026 Financial Results
• Positive Sentiment: Analysts raised valuation targets: Rosenblatt Securities reaffirmed a “buy” rating and set a $16 price target. BTIG Research and Needham each raised their targets to $13 and maintained “buy” ratings, signaling greater confidence in Nexxen’s growth prospects and valuation.
• Positive Sentiment: Commercial leadership reorganized for growth: Nexxen appointed Chance Johnson as president, Kara Puccinelli as chief commercial officer, and Kenneth Suh as chief business officer. The company said the changes are intended to accelerate enterprise growth across its advertising platform. Nexxen Names Chance Johnson President
• Neutral Sentiment: Earnings call details: Management’s earnings presentation and call transcript provide additional information on the quarterly performance, updated outlook, and operating strategy. Q2 2026 Results Presentation Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Short-interest data: Reported short interest was zero shares, unchanged from the prior period, with a zero-day days-to-cover ratio. This offers little evidence of either short-covering support or heightened bearish pressure.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NEXN shares. Craig Hallum upgraded shares of Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Thursday, July 9th. Needham & Company LLC lifted their price target on shares of Nexxen International from $10.50 to $13.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen raised shares of Nexxen International from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. BTIG Research increased their price objective on shares of Nexxen International from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Raymond James Financial raised their price objective on Nexxen International from $9.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.22.

Insider Activity

In other news, CFO Sagi Niri sold 17,578 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $10.51, for a total value of $184,744.78. Following the completion of the sale, the chief financial officer owned 126,488 shares of the company’s stock, valued at approximately $1,329,388.88. This represents a 12.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 258,468 shares of company stock worth $2,350,050.

Institutional Trading of Nexxen International

Several institutional investors and hedge funds have recently added to or reduced their stakes in NEXN. Geode Capital Management LLC lifted its stake in Nexxen International by 1,062.0% in the second quarter. Geode Capital Management LLC now owns 509,808 shares of the company’s stock valued at $5,307,000 after acquiring an additional 465,936 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Nexxen International by 1,244.5% during the 2nd quarter. Rhumbline Advisers now owns 59,926 shares of the company’s stock worth $624,000 after purchasing an additional 55,469 shares during the last quarter. New York State Common Retirement Fund acquired a new position in shares of Nexxen International during the 2nd quarter worth about $124,000. California State Teachers Retirement System bought a new stake in shares of Nexxen International in the 2nd quarter valued at about $25,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Nexxen International by 354.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 122,106 shares of the company’s stock valued at $1,271,000 after purchasing an additional 95,219 shares during the period. 54.24% of the stock is owned by institutional investors.

Nexxen International Price Performance

The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $599.94 million, a price-to-earnings ratio of 35.79 and a beta of 1.60. The company’s 50 day moving average is $9.53 and its 200-day moving average is $7.89.

About Nexxen International

Tremor International Ltd provides end-to-end software platform that enables advertisers to reach relevant audiences and publishers. 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. Its sell supply side platform (SSP) provides access to data and a comprehensive product suite to drive inventory management and revenue optimization. The company also offers data management platform solution, which integrates DSP and SSP solutions enabling advertisers and publishers to use data from various sources in order to optimize results of their advertising campaigns.