Needham Rates Nexxen International (NEXN) buy

On June 17, 2026, Needham reiterated its buy rating on Nexxen International Ltd. (NasdaqGM: NEXN), setting a price target of $10.5. The stock is currently trading at $8.75.

Other Institutional Activity in Nexxen International

Several institutional investors have adjusted their holdings in Nexxen International. Mithaq Capital SPC held steady with 17,326,679 shares valued at approximately $112.97 million. Rice Hall James & Associates, LLC increased its position by 149,084 shares to a total of 2,117,412 shares, worth about $13.81 million. Meanwhile, BlackRock, Inc. reduced its holdings by 191,807 shares, bringing its total to 1,721,733 shares valued at $11.23 million. Rock Point Advisors, LLC added 73,070 shares, ending with 1,023,587 shares valued at $6.67 million. Acadian Asset Management LLC and Morgan Stanley also adjusted their stakes, with Morgan Stanley increasing its holdings by 139,730 shares to 578,675 shares valued at $3.77 million.

Nexxen International Ltd. Stock Down 2.8%

Shares of Nexxen International Ltd. (NasdaqGM: NEXN) traded near $8.75. The company has a market cap of approximately $487.6 million and a P/E ratio of 29.17, with a forward P/E of 7.17. Its beta is 1.481, indicating higher volatility compared to the broader market. The stock's 52-week range is between $5.60 and $11.59, with moving averages of $7.82 for 50 days and $7.44 for 200 days. Nexxen maintains a current and quick ratio of 1.246 and a debt-to-equity ratio of 6.374.

Recent Earnings

Nexxen International reported revenue of $373.29 million, reflecting a growth of 10.9%. The company's net margin stands at 4.85%, and it has a return on equity of 3.73%. Its next earnings announcement is scheduled for August 12, 2026.

Insider Buying and Selling at Nexxen International Ltd.

Niri Sagi, Nexxen's Chief Financial Officer, executed several planned sales in June 2026. On June 1, Sagi sold 33,757 shares at an average price of $8.63. Additional sales included 18,660 shares on June 2 at $8.52, and 13,164 shares on June 4 at $8.54. Other sales occurred on June 10 and June 12, with 5,922 shares sold at $8.74 and 200 shares at $8.70, respectively.

Analysts Set New Price Targets

On June 17, 2026, Needham maintained its buy rating on Nexxen International with a price target of $10.5. BTIG also reiterated a buy rating on the same day, setting a target of $10.0. RBC Capital maintained a buy rating with an $11.0 target on May 14, 2026. The consensus among analysts is a buy recommendation, with a mean target price of $12.39 from 10 analyst opinions.

About Nexxen International

Nexxen International Ltd., headquartered in Tel Aviv, Israel, operates in the communication services sector, specifically within the advertising agencies industry. The company offers a comprehensive platform for digital advertising, focusing on video content. Its services include demand-side and supply-side platforms, data insights, and artificial intelligence solutions. Nexxen serves a global clientele of brands, agencies, and digital publishers. The company was formerly known as Tremor International Ltd. until its rebranding in January 2024.

Bottom Line

Needham's reiterated buy rating on Nexxen International reflects continued confidence in the company's potential. With a market cap of $487.6 million and trading at $8.75, Nexxen remains a point of interest for investors. The analyst community shows strong support, with multiple buy ratings and a consensus target price of $12.39. As with all 13F filings and analyst reports, these ratings are backward-looking and may not reflect the most current market conditions.