Nexxen International (NASDAQ:NEXN) Director Sells $114,180.00 in Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) Director Daniel Yosef Kerstein sold 11,000 shares of Nexxen International stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $10.38, for a total value of $114,180.00. Following the sale, the director directly owned 34,678 shares in the company, valued at approximately $359,957.64. This trade represents a 24.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nexxen International Stock Performance

NASDAQ:NEXN opened at $10.28 on Friday. Nexxen International Ltd. Sponsored ADR has a 12-month low of $5.60 and a 12-month high of $11.30. The firm has a market capitalization of $585.45 million, a PE ratio of 46.73 and a beta of 1.60. The firm has a 50-day moving average price of $9.78 and a 200 day moving average price of $8.07. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.05.

Nexxen International (NASDAQ:NEXN) last posted its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. The business had revenue of $100.52 million for the quarter, compared to analyst estimates of $93.09 million. Nexxen International had a net margin of 3.41% and a return on equity of 7.03%. Research analysts anticipate that Nexxen International Ltd. Sponsored ADR will post 0.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NEXN has been the subject of a number of research reports. Craig Hallum upgraded Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Thursday, July 9th. Wall Street Zen raised shares of Nexxen International from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. BTIG Research increased their price objective on shares of Nexxen International from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Canaccord Genuity Group increased their target price on Nexxen International from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Needham & Company LLC lifted their price objective on shares of Nexxen International from $10.50 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.89.

Hedge Funds Weigh In On Nexxen International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System bought a new stake in Nexxen International in the second quarter valued at $25,000. Pinnacle Holdings LLC bought a new position in shares of Nexxen International in the second quarter valued at approximately $42,000. Quantbot Technologies LP purchased a new position in Nexxen International during the 3rd quarter worth $43,000. New York State Common Retirement Fund bought a new stake in Nexxen International in the 2nd quarter worth about $124,000. Finally, Jump Financial LLC bought a new position in shares of Nexxen International in the fourth quarter valued at approximately $95,000. Institutional investors and hedge funds 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.