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RBC Capital Sticks to Its Buy Rating for Nexxen International (NEXN)

Tipranks - Tipranks - Thu Jun 18, 2:06AM 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 $8.75.

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Swanson covers the Communication Services sector, focusing on stocks such as Magnite, Trade Desk, and Nexxen International. According to TipRanks, Swanson has an average return of -4.9% and a 41.63% success rate on recommended stocks.

In addition to RBC Capital, Nexxen International also received a Buy from BTIG’s Tyler DiMatteo in a report issued yesterday. However, on the same day, Craig-Hallum maintained a Hold rating on Nexxen International (NASDAQ: NEXN).

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Based on Nexxen International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $86.84 million and a GAAP net loss of $5.32 million. In comparison, last year the company earned a revenue of $78.33 million and had a net profit of $1.63 million

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