Insider Selling: Nexxen International (NASDAQ:NEXN) CFO Sells $112,420.56 in Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 13,164 shares of Nexxen International stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $8.54, for a total value of $112,420.56. Following the completion of the sale, the chief financial officer owned 500,972 shares of the company’s stock, valued at $4,278,300.88. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 Wednesday, June 3rd, Sagi Niri sold 1,027 shares of Nexxen International stock. The stock was sold at an average price of $8.58, for a total value of $8,811.66.
• On Tuesday, June 2nd, Sagi Niri sold 18,660 shares of Nexxen International stock. The stock was sold at an average price of $8.52, for a total value of $158,983.20.
• On Monday, June 1st, Sagi Niri sold 33,757 shares of Nexxen International stock. The stock was sold at an average price of $8.63, for a total value of $291,322.91.
• On Friday, May 29th, Sagi Niri sold 1,486 shares of Nexxen International stock. The stock was sold at an average price of $8.50, for a total value of $12,631.00.

Nexxen International Price Performance

NASDAQ NEXN opened at $8.67 on Thursday. Nexxen International Ltd. Sponsored ADR has a one year low of $5.60 and a one year high of $11.59. The stock has a 50-day moving average of $7.65 and a 200 day moving average of $6.87. The company has a market capitalization of $487.95 million, a price-to-earnings ratio of 28.90 and a beta of 1.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.25.

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

Institutional Trading of Nexxen International

Institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System bought a new stake in shares of Nexxen International during the 2nd quarter valued at $25,000. Quantbot Technologies LP purchased a new stake in Nexxen International in the 3rd quarter worth $43,000. Jump Financial LLC purchased a new stake in Nexxen International in the 4th quarter worth $95,000. New York State Common Retirement Fund purchased a new stake in Nexxen International in the 2nd quarter worth $124,000. Finally, Legato Capital Management LLC increased its stake 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. 54.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NEXN has been the topic of several research reports. Royal Bank Of Canada raised their target price on Nexxen International from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. BTIG Research dropped their target price on Nexxen International from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Scotiabank dropped their target price on Nexxen International from $12.00 to $10.00 and set a “sector outperform” rating on the stock in a research report on Thursday, March 5th. Needham & Company LLC raised their target price on Nexxen International from $7.50 to $8.50 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Canaccord Genuity Group dropped their target price on Nexxen International from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nexxen International currently has a consensus rating of “Moderate Buy” and an average 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.