Nexxen International (NASDAQ:NEXN) CFO Sagi Niri Sells 17,578 Shares of Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 17,578 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $10.51, for a total value of $184,744.78. Following the transaction, the chief financial officer directly owned 126,488 shares in the company, valued at $1,329,388.88. This trade represents a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 Friday, July 10th, Sagi Niri sold 3,655 shares of Nexxen International stock. The shares were sold at an average price of $9.73, for a total value of $35,563.15.
• On Monday, July 6th, Sagi Niri sold 199 shares of Nexxen International stock. The stock was sold at an average price of $9.54, for a total value of $1,898.46.
• On Thursday, July 2nd, Sagi Niri sold 49,826 shares of Nexxen International stock. The shares were sold at an average price of $9.54, for a total transaction of $475,340.04.
• On Tuesday, June 30th, Sagi Niri sold 6,183 shares of Nexxen International stock. The shares were sold at an average price of $9.13, for a total transaction of $56,450.79.
• On Monday, June 29th, Sagi Niri sold 68,886 shares of Nexxen International stock. The shares were sold at an average price of $9.08, for a total transaction of $625,484.88.
• On Wednesday, June 17th, Sagi Niri sold 2,098 shares of Nexxen International stock. The stock was sold at an average price of $8.78, for a total transaction of $18,420.44.
• On Tuesday, June 16th, Sagi Niri sold 34,667 shares of Nexxen International stock. The stock was sold at an average price of $8.78, for a total transaction of $304,376.26.
• On Monday, June 15th, Sagi Niri sold 1,160 shares of Nexxen International stock. The stock was sold at an average price of $8.71, for a total transaction of $10,103.60.
• On Friday, June 12th, Sagi Niri sold 200 shares of Nexxen International stock. The shares were sold at an average price of $8.70, for a total transaction of $1,740.00.
• On Wednesday, June 10th, Sagi Niri sold 5,922 shares of Nexxen International stock. The shares were sold at an average price of $8.74, for a total transaction of $51,758.28.

Nexxen International Price Performance

NEXN stock opened at $10.48 on Friday. Nexxen International Ltd. Sponsored ADR has a 1 year low of $5.60 and a 1 year high of $10.83. The company has a market cap of $589.81 million, a P/E ratio of 34.93 and a beta of 1.62. The firm has a 50-day moving average of $9.13 and a 200 day moving average of $7.61. 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 issued its quarterly earnings data on Wednesday, April 1st. The company reported $0.06 EPS for the quarter. The business had revenue of $86.84 million during the quarter. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%. On average, sell-side analysts forecast that Nexxen International Ltd. Sponsored ADR will post 0.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NEXN. Royal Bank Of Canada upped their price target on Nexxen International from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Needham & Company LLC raised their price objective on Nexxen International from $8.50 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Raymond James Financial boosted their target price on shares of Nexxen International from $9.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $16.00 target price on shares of Nexxen International in a research report on Wednesday, June 17th. Finally, Craig Hallum upgraded shares of Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Thursday, July 9th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.61.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System purchased a new position in Nexxen International during the second quarter valued at $25,000. Quantbot Technologies LP bought a new position in shares of Nexxen International during the third quarter valued at $43,000. Jump Financial LLC bought a new position in shares of Nexxen International during the fourth quarter valued at $95,000. New York State Common Retirement Fund purchased a new position in shares of Nexxen International in the 2nd quarter worth about $124,000. Finally, GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 6,764 shares during the last quarter. 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.