Nexxen International (NASDAQ:NEXN) CFO Sells $291,322.91 in Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 33,757 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $8.63, for a total transaction of $291,322.91. Following the completion of the sale, the chief financial officer directly owned 533,823 shares in the company, valued at approximately $4,606,892.49. This represents a 5.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 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 Trading Down 3.7%

NASDAQ:NEXN traded down $0.32 during mid-day trading on Wednesday, hitting $8.23. 60,352 shares of the stock traded hands, compared to its average volume of 334,377. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $463.18 million, a price-to-earnings ratio of 27.43 and a beta of 1.64. Nexxen International Ltd. Sponsored ADR has a 52 week low of $5.60 and a 52 week high of $11.59. The firm’s 50 day moving average is $7.38 and its two-hundred day moving average is $6.78.

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 during the quarter. Nexxen International had a return on equity of 7.78% and a net margin of 4.85%. On average, equities research analysts predict that Nexxen International Ltd. Sponsored ADR will post 0.75 earnings per share for the current year.

Analyst Ratings Changes

NEXN has been the subject of several research analyst reports. Scotiabank decreased their target price on 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. Royal Bank Of Canada lifted their target price on Nexxen International from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Wall Street Zen raised shares of Nexxen International from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Canaccord Genuity Group lowered 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, Rosenblatt Securities lifted their price objective on shares of Nexxen International from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Seven investment analysts have rated the stock with a Buy rating and two have given 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NEXN. Geode Capital Management LLC boosted its holdings in Nexxen International by 1,062.0% in the second quarter. Geode Capital Management LLC now owns 509,808 shares of the company’s stock valued at $5,307,000 after purchasing an additional 465,936 shares during the last quarter. Rock Point Advisors LLC raised its stake in shares of Nexxen International by 42.5% during the 4th quarter. Rock Point Advisors LLC now owns 950,517 shares of the company’s stock valued at $6,216,000 after buying an additional 283,295 shares during the last quarter. ARK Investment Management LLC acquired a new position in shares of Nexxen International in the 3rd quarter valued at about $1,798,000. BNP Paribas Financial Markets boosted its stake in shares of Nexxen International by 354.1% in the second quarter. BNP Paribas Financial Markets now owns 122,106 shares of the company’s stock worth $1,271,000 after buying an additional 95,219 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Nexxen International by 328.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 74,102 shares of the company’s stock worth $485,000 after acquiring an additional 56,808 shares during the period. 54.24% of the stock is currently owned by hedge funds and other institutional investors.

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.