Nexxen International (NASDAQ:NEXN) CFO Sagi Niri Sells 5,922 Shares

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 5,922 shares of Nexxen International stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $8.74, for a total transaction of $51,758.28. Following the sale, the chief financial officer directly owned 495,050 shares of the company’s stock, valued at $4,326,737. The trade was a 1.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, June 4th, Sagi Niri sold 13,164 shares of Nexxen International stock. The stock was sold at an average price of $8.54, for a total transaction of $112,420.56.
• 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 transaction 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 transaction 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 transaction 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 transaction of $12,631.00.

Nexxen International Stock Performance

Shares of NEXN stock opened at $8.59 on Friday. The company has a market capitalization of $483.45 million, a price-to-earnings ratio of 28.63 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. The company has a 50-day simple moving average of $7.69 and a 200 day simple moving average of $6.88. Nexxen International Ltd. Sponsored ADR has a 52 week low of $5.60 and a 52 week high of $11.59.

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

Hedge Funds Weigh In On Nexxen International

A number of institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System acquired a new position in Nexxen International during the 2nd quarter worth approximately $25,000. Navellier & Associates Inc. increased its position in Nexxen International by 4.0% during the 3rd quarter. Navellier & Associates Inc. now owns 110,156 shares of the company’s stock worth $1,019,000 after purchasing an additional 4,200 shares in the last quarter. Quantbot Technologies LP acquired a new position in Nexxen International in the 3rd quarter valued at approximately $43,000. Legato Capital Management LLC increased 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 valued at $164,000 after acquiring an additional 4,815 shares during the period. Finally, New York State Common Retirement Fund acquired a new position in Nexxen International in the 2nd quarter valued at approximately $124,000. 54.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NEXN has been the subject of several analyst reports. BTIG Research dropped their target price 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. Royal Bank Of Canada boosted their target price on shares of Nexxen International from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Needham & Company LLC boosted their target price on shares of Nexxen International from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Scotiabank dropped their target price 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. Finally, Rosenblatt Securities boosted their target price 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. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.69.

Nexxen International Company 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.