Sagi Niri Sells 13,164 Shares of Nexxen International (NASDAQ:NEXN) Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 13,164 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $8.54, for a total transaction of $112,420.56. Following the sale, the chief financial officer owned 500,972 shares of the company’s stock, valued at $4,278,300.88. The trade was a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 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 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 Trading Down 1.3%

Shares of NEXN stock traded down $0.11 on Monday, hitting $8.42. The stock had a trading volume of 68,812 shares, compared to its average volume of 331,853. Nexxen International Ltd. Sponsored ADR has a twelve month low of $5.60 and a twelve month high of $11.59. The firm has a market cap of $473.88 million, a P/E ratio of 28.02 and a beta of 1.64. 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 company has a fifty day moving average price of $7.53 and a two-hundred day moving average price of $6.82.

Nexxen International (NASDAQ:NEXN) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.06 earnings per share (EPS) for the quarter. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%. The company had revenue of $86.84 million during the quarter. As a group, analysts forecast that Nexxen International Ltd. Sponsored ADR will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nexxen International

A number of large investors have recently modified their holdings of NEXN. California State Teachers Retirement System acquired a new position in shares of Nexxen International during the 2nd quarter worth about $25,000. Quantbot Technologies LP acquired a new position in shares of Nexxen International during the 3rd quarter worth about $43,000. Jump Financial LLC acquired a new position in shares of Nexxen International during the 4th quarter worth about $95,000. New York State Common Retirement Fund acquired a new position in shares of Nexxen International during the 2nd quarter worth about $124,000. Finally, Legato Capital Management LLC boosted its stake in shares of Nexxen International by 23.8% during the 4th 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 last quarter. 54.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NEXN. BTIG Research decreased their price target on shares of Nexxen International from $10.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Wall Street Zen raised shares of Nexxen International from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Royal Bank Of Canada upped their target price on shares of Nexxen International from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Scotiabank reduced their target price on shares of Nexxen International from $12.00 to $10.00 and set a “sector outperform” rating for the company in a research note on Thursday, March 5th. Finally, Needham & Company LLC upped their target price on shares of Nexxen International from $7.50 to $8.50 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.69.

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.