Nexxen International (NASDAQ:NEXN) CFO Sagi Niri Sells 2,098 Shares of Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 2,098 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $8.78, for a total value of $18,420.44. Following the sale, the chief financial officer directly owned 456,925 shares of the company’s stock, valued at approximately $4,011,801.50. This represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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 value of $304,376.26.
• On Monday, June 15th, Sagi Niri sold 1,160 shares of Nexxen International stock. The shares were 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 value of $1,740.00.
• On Wednesday, June 10th, Sagi Niri sold 5,922 shares of Nexxen International stock. The stock was 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 stock was 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 shares were 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.
• 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 Stock Performance

NASDAQ NEXN opened at $8.60 on Monday. 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 cap of $484.01 million, a P/E ratio of 28.67 and a beta of 1.64. Nexxen International Ltd. Sponsored ADR has a twelve month low of $5.60 and a twelve month high of $11.59. The company’s 50-day simple moving average is $7.93 and its 200 day simple moving average is $6.97.

Nexxen International (NASDAQ:NEXN) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.06 EPS for the quarter. Nexxen International had a return on equity of 7.78% and a net margin of 4.85%.The business had revenue of $86.84 million for the quarter. As a group, research analysts forecast that Nexxen International Ltd. Sponsored ADR will post 0.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nexxen International

Institutional investors and hedge funds have recently made changes to their positions in the company. ARK Investment Management LLC acquired a new stake in Nexxen International during the 3rd quarter worth $1,798,000. Rock Point Advisors LLC grew its stake in Nexxen International by 42.5% in the fourth quarter. Rock Point Advisors LLC now owns 950,517 shares of the company’s stock valued at $6,216,000 after acquiring an additional 283,295 shares during the period. Strs Ohio increased its holdings in shares of Nexxen International by 35.7% in the fourth quarter. Strs Ohio now owns 83,300 shares of the company’s stock worth $545,000 after acquiring an additional 21,900 shares in the last quarter. Legato Capital Management LLC raised its position in shares of Nexxen International by 54.4% during the third quarter. Legato Capital Management LLC now owns 20,213 shares of the company’s stock worth $187,000 after purchasing an additional 7,124 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of 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 purchasing an additional 56,808 shares during the period. Institutional investors and hedge funds own 54.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wall Street Zen upgraded Nexxen International from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Scotiabank increased their target price on Nexxen International from $10.00 to $11.00 and gave the company a “sector outperform” rating in a research note on Wednesday, June 17th. BTIG Research raised their target price on Nexxen International from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Rosenblatt Securities restated a “buy” rating and set a $16.00 target price on shares of Nexxen International in a research report on Wednesday, June 17th. Finally, Canaccord Genuity Group lowered their price target on Nexxen International from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.17.

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.