Nexxen International (NASDAQ:NEXN) CFO Sagi Niri Sells 3,655 Shares of Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 3,655 shares of Nexxen International stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $9.73, for a total value of $35,563.15. Following the completion of the transaction, the chief financial officer directly owned 328,176 shares in the company, valued at $3,193,152.48. This represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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, July 6th, Sagi Niri sold 199 shares of Nexxen International stock. The stock was sold at an average price of $9.54, for a total value of $1,898.46.
• On Thursday, July 2nd, Sagi Niri sold 49,826 shares of Nexxen International stock. The stock was sold at an average price of $9.54, for a total transaction of $475,340.04.
• On Tuesday, June 30th, Sagi Niri sold 6,183 shares of Nexxen International stock. The shares were sold at an average price of $9.13, for a total transaction of $56,450.79.
• 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 transaction of $18,420.44.
• 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 transaction 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 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 stock was sold at an average price of $8.54, for a total transaction of $112,420.56.

Nexxen International Stock Up 2.3%

Shares of NASDAQ NEXN opened at $9.87 on Tuesday. Nexxen International Ltd. Sponsored ADR has a 12-month low of $5.60 and a 12-month high of $11.59. The company has a market cap of $555.48 million, a P/E ratio of 32.90 and a beta of 1.62. 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 stock has a fifty day moving average price of $8.53 and a 200 day moving average price of $7.26.

Nexxen International (NASDAQ:NEXN) last issued its quarterly earnings data 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 for the quarter. Research analysts anticipate that Nexxen International Ltd. Sponsored ADR will post 0.75 EPS for the current fiscal year.

Institutional Trading of Nexxen International

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in shares of Nexxen International by 69.5% in the second quarter. GAMMA Investing LLC now owns 16,496 shares of the company’s stock worth $149,000 after acquiring an additional 6,764 shares in the last quarter. Jump Financial LLC acquired a new stake in Nexxen International during the 4th quarter valued at approximately $95,000. Public Employees Retirement System of Ohio grew 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. Legato Capital Management LLC increased its holdings in 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 purchasing an additional 4,815 shares during the last quarter. Finally, Rock Point Advisors LLC increased 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 purchasing an additional 283,295 shares during the last quarter. 54.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on NEXN. Rosenblatt Securities reissued a “buy” rating and set a $16.00 price target on shares of Nexxen International in a research report on Wednesday, June 17th. Craig Hallum raised shares of Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Thursday, July 9th. Royal Bank Of Canada lifted their price objective on shares of Nexxen International from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. 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 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. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.61.

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.