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NEW YORK - Nexxen International Ltd. (NASDAQ: NEXN), an advertising technology firm known for its data and advanced TV platform, has completed the repurchase of 1,260,000 of its Ordinary Shares in May 2025 at an average price of $11.30 per share. Following these transactions, the company reported on Monday that it has 59,483,096 Ordinary Shares outstanding, excluding treasury shares. Additionally, Nexxen disclosed that approximately $24.8 million remains available for future share repurchases under its current program authorization. According to InvestingPro data, the company maintains a perfect Piotroski Score of 9, indicating exceptional financial strength, while holding more cash than debt on its balance sheet.
The company, which operates globally, offers a technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP), centered around the Nexxen Data Platform. Its services are designed to cater to the needs of advertisers, agencies, publishers, and broadcasters, enabling them to leverage data and advanced TV effectively. The company’s operational efficiency is reflected in its impressive 84.38% gross profit margin and robust revenue of $369.38 million in the last twelve months.
Nexxen, with its headquarters in Israel, has a presence across the United States, Canada, Europe, and Asia-Pacific regions. The company’s focus on streaming and its comprehensive capabilities in discovery, planning, activation, monetization, measurement, and optimization are tailored to meet diverse and specific partner goals.
The share repurchase activity is part of Nexxen’s capital allocation strategy, which is periodically reviewed and subject to change based on various factors, including market conditions. The company’s forward-looking statements indicate an ongoing commitment to its share repurchase programs but also acknowledge risks and uncertainties that could impact future financial results and operational performance. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with analysts setting price targets ranging from $14 to $25.40 per share. For deeper insights into Nexxen’s valuation and 15+ additional ProTips, access the comprehensive Pro Research Report available exclusively to InvestingPro subscribers.
Investors are reminded that forward-looking statements involve risks and uncertainties and that actual results may differ materially from those projected. Nexxen advises against placing undue reliance on these statements, which are valid only as of their respective dates. The company does not plan to update the forward-looking statements post-publication, except as legally required.
This news is based on a press release statement from Nexxen International Ltd. and provides an overview of the company’s recent share repurchase activities and remaining authorization under its buyback program.
In other recent news, Nexxen International Ltd. has revised its revolving credit facility, reducing the committed amount from $90 million to $50 million and extending the maturity date to September 2027. This move is intended to reflect the company’s strong cash position and is expected to provide sufficient liquidity for ongoing operations and future investments. Additionally, Nexxen is set to be included in the Russell 3000 Index, a development that underscores its growing presence in the U.S. investment community. This inclusion will also lead to Nexxen’s entry into the small-cap Russell 2000 Index and relevant growth and value style indexes.
Analysts from Raymond James and JMP Securities have maintained an Outperform rating on Nexxen, both with a $15 price target, citing confidence in the company’s strategic direction and comprehensive platform. Nexxen’s potential expansion of its partnership with VIDAA in North America is also noteworthy. The memorandum of understanding aims to extend Nexxen’s exclusive access to VIDAA’s Automatic Content Recognition data and broaden ad monetization exclusivity to include display ads. These developments highlight Nexxen’s strategic efforts to strengthen its market position and drive growth.
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