Nexxen International (NASDAQ:NEXN) CFO Sagi Niri Sells 1,486 Shares of Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 1,486 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $8.50, for a total value of $12,631.00. Following the completion of the transaction, the chief financial officer directly owned 567,580 shares of the company’s stock, valued at approximately $4,824,430. This trade represents a 0.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nexxen International Price Performance

Shares of NASDAQ:NEXN opened at $8.70 on Tuesday. Nexxen International Ltd. Sponsored ADR has a fifty-two week low of $5.60 and a fifty-two week high of $11.74. The business has a 50-day simple moving average of $7.38 and a two-hundred day simple moving average of $6.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $489.64 million, a price-to-earnings ratio of 29.00 and a beta of 1.64.

Nexxen International (NASDAQ:NEXN) last issued its earnings results on Wednesday, April 1st. The company reported $0.06 earnings per share for the quarter. Nexxen International had a return on equity of 7.78% and a net margin of 4.85%.The business had revenue of $86.84 million during the quarter. On average, analysts expect that Nexxen International Ltd. Sponsored ADR will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Nexxen International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System purchased a new stake in Nexxen International in the 2nd quarter worth approximately $25,000. Quantbot Technologies LP bought a new position in Nexxen International in the 3rd quarter worth approximately $43,000. SG Americas Securities LLC bought a new position in Nexxen International in the 3rd quarter worth approximately $102,000. New York State Common Retirement Fund bought a new position in Nexxen International in the 2nd quarter worth approximately $124,000. Finally, Jump Financial LLC bought a new position in Nexxen International in the 4th quarter worth approximately $95,000. 54.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Rosenblatt Securities upped their price target on shares of Nexxen International from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Scotiabank reduced their price target on shares of Nexxen International from $12.00 to $10.00 and set a “sector outperform” rating for the company in a research report on Thursday, March 5th. BTIG Research reduced their price target on shares of Nexxen International from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Canaccord Genuity Group reduced their price target on shares of Nexxen International from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Finally, Wall Street Zen raised shares of Nexxen International from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $10.69.

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.