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 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 transaction, the chief financial officer directly owned 456,925 shares in the company, valued at $4,011,801.50. The trade was a 0.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 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 shares were 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 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 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 stock was sold at an average price of $8.50, for a total transaction of $12,631.00.

Nexxen International Stock Down 1.5%

Nexxen International stock opened at $8.47 on Tuesday. The business has a fifty day moving average of $7.96 and a two-hundred day moving average of $6.99. 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 firm has a market cap of $476.69 million, a P/E ratio of 28.23 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.

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. The business had revenue of $86.84 million for the quarter. Nexxen International had a return on equity of 7.78% and a net margin of 4.85%. On average, analysts forecast that Nexxen International Ltd. Sponsored ADR will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nexxen International

A number of large investors have recently modified their holdings of NEXN. Geode Capital Management LLC increased its holdings in shares of Nexxen International by 1,062.0% during the second quarter. Geode Capital Management LLC now owns 509,808 shares of the company’s stock valued at $5,307,000 after acquiring an additional 465,936 shares in the last quarter. Rock Point Advisors LLC boosted its stake in Nexxen International by 42.5% in the 4th quarter. Rock Point Advisors LLC now owns 950,517 shares of the company’s stock worth $6,216,000 after purchasing an additional 283,295 shares in the last quarter. ARK Investment Management LLC purchased a new stake in Nexxen International during the 3rd quarter worth approximately $1,798,000. BNP Paribas Financial Markets grew its position in Nexxen International by 354.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 122,106 shares of the company’s stock worth $1,271,000 after purchasing an additional 95,219 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Nexxen International by 328.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 74,102 shares of the company’s stock valued at $485,000 after purchasing an additional 56,808 shares in the last quarter. Hedge funds and other institutional investors own 54.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. BTIG Research boosted their target price on shares of Nexxen International from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Canaccord Genuity Group cut their price objective 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 price objective on shares of Nexxen International from $8.50 to $10.50 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Scotiabank increased their target price on shares of Nexxen International from $10.00 to $11.00 and gave the company a “sector outperform” rating in a research report on Wednesday, June 17th. Finally, Wall Street Zen upgraded shares of Nexxen International from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Eight research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target 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.