Nexxen International (NASDAQ:NEXN) CFO Sagi Niri Sells 33,757 Shares of Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 33,757 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $8.63, for a total value of $291,322.91. Following the completion of the sale, the chief financial officer directly owned 533,823 shares in the company, valued at $4,606,892.49. This trade represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sagi Niri also recently made the following trade(s):

• On Friday, May 29th, Sagi Niri sold 1,486 shares of Nexxen International stock. The shares were sold at an average price of $8.50, for a total value of $12,631.00.

Nexxen International Price Performance

NEXN opened at $8.23 on Thursday. The firm has a market cap of $463.18 million, a PE ratio of 27.43 and a beta of 1.64. The stock has a 50-day moving average price of $7.45 and a 200-day moving average price of $6.79. Nexxen International Ltd. Sponsored ADR has a 1 year low of $5.60 and a 1 year high of $11.59. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.25 and a quick ratio of 1.25.

Nexxen International (NASDAQ:NEXN) last announced its quarterly earnings data on Wednesday, April 1st. The company reported $0.06 EPS for the quarter. The company had revenue of $86.84 million for the quarter. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%. Sell-side analysts predict that Nexxen International Ltd. Sponsored ADR will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NEXN has been the subject of a number of recent analyst reports. BTIG Research decreased their price objective on shares of Nexxen International from $10.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Wall Street Zen upgraded Nexxen International from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Scotiabank decreased their price target on Nexxen International from $12.00 to $10.00 and set a “sector outperform” rating for the company in a research note on Thursday, March 5th. Rosenblatt Securities upped their price target on Nexxen International from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Finally, Royal Bank Of Canada increased their price objective on Nexxen International from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Nexxen International currently has an average rating of “Moderate Buy” and an average price target of $10.69.

Institutional Investors Weigh In On Nexxen International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jump Financial LLC purchased a new stake in Nexxen International during the 4th quarter valued at $95,000. Public Employees Retirement System of Ohio boosted its stake in shares of Nexxen International by 328.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 74,102 shares of the company’s stock worth $485,000 after buying an additional 56,808 shares during the last quarter. Legato Capital Management LLC grew its holdings in shares of Nexxen International by 23.8% in the fourth quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock worth $164,000 after acquiring an additional 4,815 shares during the period. Rock Point Advisors LLC grew its holdings in shares of Nexxen International by 42.5% in the fourth quarter. Rock Point Advisors LLC now owns 950,517 shares of the company’s stock worth $6,216,000 after acquiring an additional 283,295 shares during the period. Finally, Strs Ohio increased its position in Nexxen International by 35.7% during the fourth quarter. Strs Ohio now owns 83,300 shares of the company’s stock valued at $545,000 after acquiring an additional 21,900 shares during the last quarter. Hedge funds and other institutional investors own 54.24% of the company’s stock.

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.