Nexxen International (NASDAQ:NEXN) CFO Sells $12,631.00 in Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 1,486 shares of the stock in a transaction on Friday, May 29th. The shares were 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 in the company, valued at approximately $4,824,430. This trade represents a 0.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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.

Nexxen International Trading Down 3.7%

NASDAQ NEXN opened at $8.23 on Thursday. The stock has a 50-day simple moving average of $7.45 and a 200 day simple moving average of $6.79. The company has a market capitalization of $463.18 million, a PE ratio of 27.43 and a beta of 1.64. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. Nexxen International Ltd. Sponsored ADR has a 12 month low of $5.60 and a 12 month high of $11.59.

Nexxen International (NASDAQ:NEXN) last released 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 return on equity of 7.78% and a net margin of 4.85%. Research analysts forecast that Nexxen International Ltd. Sponsored ADR will post 0.73 EPS for the current year.

Institutional Investors Weigh In On Nexxen International

A number of hedge funds have recently modified their holdings of NEXN. Geode Capital Management LLC raised its position in shares of Nexxen International by 1,062.0% during the second quarter. Geode Capital Management LLC now owns 509,808 shares of the company’s stock worth $5,307,000 after purchasing an additional 465,936 shares during the period. Rhumbline Advisers increased its position in shares of Nexxen International by 1,244.5% during the second quarter. Rhumbline Advisers now owns 59,926 shares of the company’s stock worth $624,000 after acquiring an additional 55,469 shares in the last quarter. New York State Common Retirement Fund bought a new stake in shares of Nexxen International during the second quarter worth $124,000. California State Teachers Retirement System bought a new stake in shares of Nexxen International during the second quarter worth $25,000. Finally, BNP Paribas Financial Markets increased its position in shares of Nexxen International by 354.1% during the second quarter. BNP Paribas Financial Markets now owns 122,106 shares of the company’s stock worth $1,271,000 after acquiring an additional 95,219 shares in the last quarter. Institutional investors and hedge funds own 54.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NEXN. BTIG Research cut their price target on shares of Nexxen International from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Rosenblatt Securities increased 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. Canaccord Genuity Group cut their price target on shares of Nexxen International from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Royal Bank Of Canada increased their price target 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. Finally, Wall Street Zen upgraded shares of Nexxen International from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Nexxen International currently has an average rating of “Moderate Buy” and a consensus target price 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.