Sagi Niri Sells 2,098 Shares of Nexxen International (NASDAQ:NEXN) 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 stock was sold at an average price of $8.78, for a total value of $18,420.44. Following the sale, the chief financial officer 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 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 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 value 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 shares were 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 shares were sold at an average price of $8.50, for a total transaction of $12,631.00.

Nexxen International Stock Performance

NASDAQ NEXN opened at $8.64 on Wednesday. The firm’s fifty day moving average price is $7.99 and its two-hundred day moving average price is $7.00. The stock has a market cap of $486.26 million, a PE ratio of 28.80 and a beta of 1.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.25. Nexxen International Ltd. Sponsored ADR has a fifty-two week low of $5.60 and a fifty-two week high of $11.59.

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 company had revenue of $86.84 million during the quarter. On average, equities analysts expect that Nexxen International Ltd. Sponsored ADR will post 0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Nexxen International

A number of institutional investors have recently modified their holdings of NEXN. Jump Financial LLC acquired a new stake in shares of Nexxen International during the fourth quarter worth $95,000. Public Employees Retirement System of Ohio boosted its position 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 valued at $485,000 after acquiring an additional 56,808 shares during the last quarter. Legato Capital Management LLC boosted its position in Nexxen International by 23.8% during the fourth quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock valued at $164,000 after acquiring an additional 4,815 shares during the last quarter. Rock Point Advisors LLC grew its holdings in Nexxen International by 42.5% during the 4th quarter. Rock Point Advisors LLC now owns 950,517 shares of the company’s stock worth $6,216,000 after acquiring an additional 283,295 shares during the period. Finally, Strs Ohio grew its holdings in Nexxen International by 35.7% during the 4th quarter. Strs Ohio now owns 83,300 shares of the company’s stock worth $545,000 after acquiring an additional 21,900 shares during the period. 54.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NEXN has been the topic of several research reports. Scotiabank boosted their price target on Nexxen International from $10.00 to $11.00 and gave the stock a “sector outperform” rating in a report on Wednesday, June 17th. Canaccord Genuity Group cut their target price 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. Needham & Company LLC boosted their target price 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. Rosenblatt Securities reissued a “buy” rating and set a $16.00 target price on shares of Nexxen International in a report on Wednesday, June 17th. Finally, BTIG Research upped their price target on shares of Nexxen International from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.17.

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.