Sagi Niri Sells 6,183 Shares of Nexxen International (NASDAQ:NEXN) Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 6,183 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $9.13, for a total value of $56,450.79. Following the sale, the chief financial officer owned 381,856 shares of the company’s stock, valued at approximately $3,486,345.28. This trade represents a 1.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 value of $625,484.88.
• On Wednesday, June 17th, Sagi Niri sold 2,098 shares of Nexxen International stock. The shares were sold at an average price of $8.78, for a total value of $18,420.44.
• On Tuesday, June 16th, Sagi Niri sold 34,667 shares of Nexxen International stock. The shares were sold at an average price of $8.78, for a total value 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 stock was 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.
• On Thursday, June 4th, Sagi Niri sold 13,164 shares of Nexxen International stock. The shares were 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 shares were 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.

Nexxen International Stock Up 4.0%

Shares of NEXN traded up $0.36 during midday trading on Wednesday, hitting $9.39. The company had a trading volume of 177,921 shares, compared to its average volume of 335,701. The stock has a market cap of $528.75 million, a price-to-earnings ratio of 31.32 and a beta of 1.64. The company’s 50 day moving average price is $8.15 and its 200 day moving average price is $7.08. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.04. 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 results on Wednesday, April 1st. The company reported $0.06 EPS for the quarter. The business had revenue of $86.84 million for the quarter. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%. On average, equities research analysts predict that Nexxen International Ltd. Sponsored ADR will post 0.75 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on NEXN. Wall Street Zen raised Nexxen International from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Royal Bank Of Canada upped their price target on Nexxen International from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. BTIG Research raised their price objective on Nexxen International from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Needham & Company LLC lifted their price objective on shares of Nexxen International from $8.50 to $10.50 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Finally, Scotiabank boosted their target price on shares of Nexxen International from $10.00 to $11.00 and gave the company a “sector outperform” rating in a research note on Wednesday, June 17th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.17.

Hedge Funds Weigh In On Nexxen International

Institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System acquired a new stake in shares of Nexxen International during the 2nd quarter worth approximately $25,000. Quantbot Technologies LP bought a new position in Nexxen International during the 3rd quarter worth $43,000. Jump Financial LLC bought a new position in Nexxen International during the 4th quarter worth $95,000. New York State Common Retirement Fund acquired a new stake in Nexxen International in the second quarter worth $124,000. Finally, Legato Capital Management LLC increased its position in Nexxen International by 23.8% in the fourth 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 during the period. 54.24% of the stock is owned by institutional investors.

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.