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RBC Capital Reaffirms Their Buy Rating on Nexxen International (NEXN)

Tipranks - Fri May 15, 1:32AM CDT

RBC Capital analyst Matthew Swanson maintained a Buy rating on Nexxen International yesterday and set a price target of $11.00. The company’s shares closed yesterday at $7.61.

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According to TipRanks, Swanson is an analyst with an average return of -7.2% and a 36.68% success rate. Swanson covers the Communication Services sector, focusing on stocks such as Magnite, DoubleVerify Holdings, and Trade Desk.

In addition to RBC Capital, Nexxen International also received a Buy from Needham’s Laura Martin in a report issued yesterday. However, on May 12, Craig-Hallum maintained a Hold rating on Nexxen International (NASDAQ: NEXN).

Based on Nexxen International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $100.71 million and a net profit of $10.54 million. In comparison, last year the company earned a revenue of $112.28 million and had a net profit of $24.85 million

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