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

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 6,183 shares of the company’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 completion of the sale, the chief financial officer owned 381,856 shares in the company, valued at approximately $3,486,345.28. This represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 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 transaction of $625,484.88.
• On Wednesday, June 17th, Sagi Niri sold 2,098 shares of Nexxen International stock. The stock was 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 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 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 value 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 value of $291,322.91.

Nexxen International Stock Performance

NASDAQ NEXN opened at $9.54 on Thursday. Nexxen International Ltd. Sponsored ADR has a 1 year low of $5.60 and a 1 year high of $11.59. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $536.91 million, a P/E ratio of 31.80 and a beta of 1.62. The firm’s fifty day moving average price is $8.18 and its two-hundred day moving average price is $7.10.

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

Institutional Investors Weigh In On Nexxen International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System purchased a new stake in shares of Nexxen International in the 2nd quarter valued at about $25,000. Quantbot Technologies LP purchased a new position in Nexxen International in the 3rd quarter worth approximately $43,000. Legato Capital Management LLC boosted its position in Nexxen International by 23.8% during the 4th quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock valued at $164,000 after buying an additional 4,815 shares during the period. New York State Common Retirement Fund bought a new stake in shares of Nexxen International in the second quarter worth about $124,000. Finally, Jump Financial LLC purchased a new position in shares of Nexxen International during the fourth quarter valued at approximately $95,000. Hedge funds and other institutional investors own 54.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Canaccord Genuity Group dropped their price target on shares of Nexxen International from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Wall Street Zen raised Nexxen International from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Scotiabank upped their target price on shares of Nexxen International from $10.00 to $11.00 and gave the stock a “sector outperform” rating in a report on Wednesday, June 17th. BTIG Research upped their target price on shares of Nexxen International from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, Needham & Company LLC boosted their price objective on Nexxen International from $8.50 to $10.50 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Nexxen International 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.