Public Employees Retirement System of Ohio Purchases New Holdings in Nexxen International Ltd. Sponsored ADR $NEXN

Public Employees Retirement System of Ohio purchased a new stake in shares of Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 91,449 shares of the company’s stock, valued at approximately $826,000. Public Employees Retirement System of Ohio owned approximately 0.16% of Nexxen International at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. California State Teachers Retirement System acquired a new stake in shares of Nexxen International during the second quarter worth approximately $25,000. Pinnacle Holdings LLC acquired a new position in Nexxen International in the 2nd quarter valued at approximately $42,000. Quantbot Technologies LP acquired a new position in Nexxen International in the 3rd quarter valued at approximately $43,000. Legato Capital Management LLC lifted its position in Nexxen International by 23.8% in the 4th quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock worth $164,000 after buying an additional 4,815 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Nexxen International by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 16,496 shares of the company’s stock worth $149,000 after buying an additional 6,764 shares in the last quarter. 54.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nexxen International

In other Nexxen International news, Director Daniel Kerstein sold 11,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $10.38, for a total transaction of $114,180.00. Following the completion of the transaction, the director owned 34,678 shares of the company’s stock, valued at $359,957.64. The trade was a 24.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sagi Niri sold 17,578 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $10.51, for a total value of $184,744.78. Following the completion of the sale, the chief financial officer directly owned 126,488 shares in the company, valued at approximately $1,329,388.88. This represents a 12.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 195,452 shares of company stock valued at $1,828,302.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wall Street Zen raised Nexxen International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Needham & Company LLC lifted their price target on Nexxen International from $10.50 to $13.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. BTIG Research boosted their price target on Nexxen International from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Rosenblatt Securities restated a “buy” rating and issued a $16.00 price objective on shares of Nexxen International in a report on Thursday, August 13th. Finally, Royal Bank Of Canada raised their price objective on shares of Nexxen International from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Nexxen International has a consensus rating of “Buy” and an average price target of $12.89.

Nexxen International Stock Performance

Shares of NASDAQ NEXN opened at $9.17 on Thursday. The business’s 50-day simple moving average is $10.04 and its 200-day simple moving average is $8.43. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.26 and a current ratio of 1.26. Nexxen International Ltd. Sponsored ADR has a 52 week low of $5.60 and a 52 week high of $11.30. The firm has a market cap of $522.24 million, a price-to-earnings ratio of 41.68 and a beta of 1.60.

Nexxen International (NASDAQ:NEXN) last announced its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Nexxen International had a return on equity of 7.03% and a net margin of 3.41%.The firm had revenue of $100.52 million during the quarter, compared to analysts’ expectations of $93.09 million. As a group, equities research analysts expect that Nexxen International Ltd. Sponsored ADR will post 0.73 earnings per share for the current fiscal year.

Nexxen International Profile

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.