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 business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $8.54, for a total value of $112,420.56. Following the sale, the chief financial officer owned 500,972 shares of the company’s stock, valued at approximately $4,278,300.88. This represents a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 value 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 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.
• 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 value of $12,631.00.

Nexxen International Trading Up 1.3%

NASDAQ NEXN opened at $8.55 on Wednesday. The business has a 50 day moving average price of $7.61 and a 200-day moving average price of $6.85. Nexxen International Ltd. Sponsored ADR has a 52 week low of $5.60 and a 52 week high of $11.59. The company has a market cap of $481.19 million, a price-to-earnings ratio of 28.50 and a beta of 1.64. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.04.

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 return on equity of 7.78% and a net margin of 4.85%.The business had revenue of $86.84 million during the quarter. As a group, equities analysts expect that Nexxen International Ltd. Sponsored ADR will post 0.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System purchased a new position in Nexxen International in the second quarter worth $25,000. Navellier & Associates Inc. boosted its position in Nexxen International by 4.0% in the third quarter. Navellier & Associates Inc. now owns 110,156 shares of the company’s stock worth $1,019,000 after purchasing an additional 4,200 shares during the last quarter. Quantbot Technologies LP purchased a new position in Nexxen International in the third quarter worth $43,000. Legato Capital Management LLC boosted its position in Nexxen International by 23.8% in the fourth 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, New York State Common Retirement Fund purchased a new position in Nexxen International in the second quarter worth $124,000. Hedge funds and other institutional investors own 54.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NEXN shares. Canaccord Genuity Group decreased their price target on Nexxen International from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Royal Bank Of Canada upped their price target on Nexxen International from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Needham & Company LLC upped their price target on Nexxen International from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Rosenblatt Securities upped their price target on Nexxen International from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Scotiabank decreased their price target on Nexxen International from $12.00 to $10.00 and set a “sector outperform” rating for the company in a report on Thursday, March 5th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.