Sagi Niri Sells 1,160 Shares of Nexxen International (NASDAQ:NEXN) Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 1,160 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $8.71, for a total transaction of $10,103.60. Following the completion of the sale, the chief financial officer owned 459,023 shares of the company’s stock, valued at approximately $3,998,090.33. This represents a 0.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 transaction of $304,376.26.
• 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 stock was 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 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 stock was 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 value of $12,631.00.

Nexxen International Stock Performance

NEXN stock opened at $8.60 on Friday. The firm has a market cap of $484.01 million, a PE ratio of 28.67 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. The business has a 50 day moving average of $7.89 and a 200-day moving average of $6.96. Nexxen International Ltd. Sponsored ADR has a 12-month low of $5.60 and a 12-month high of $11.59.

Nexxen International (NASDAQ:NEXN) last issued its quarterly earnings results 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 business had revenue of $86.84 million for the quarter. As a group, sell-side analysts expect that Nexxen International Ltd. Sponsored ADR will post 0.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NEXN. Raymond James Financial boosted their price target on shares of Nexxen International from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday. Scotiabank raised their price objective on shares of Nexxen International from $10.00 to $11.00 and gave the stock a “sector outperform” rating in a report on Wednesday. Needham & Company LLC lifted their price objective on shares of Nexxen International from $8.50 to $10.50 and gave the stock a “buy” rating in a research report on Wednesday. Rosenblatt Securities reiterated a “buy” rating and issued a $16.00 target price on shares of Nexxen International in a research note on Wednesday. Finally, BTIG Research increased their target price on shares of Nexxen International from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.17.

Key Headlines Impacting Nexxen International

Here are the key news stories impacting Nexxen International this week:

• Positive Sentiment: Multiple analysts turned more upbeat on Nexxen International, with Raymond James, Scotiabank, BTIG, and Needham all raising price targets, and Rosenblatt reaffirming a buy rating with a $16 target. Article Title
• Positive Sentiment: Additional coverage noted a “moderate buy” consensus and average price target above the current trading range, reinforcing expectations for upside if execution stays strong. Article Title
• Neutral Sentiment: The CFO’s latest stock sale was disclosed as part of a pre-arranged Rule 10b5-1 trading plan, which makes it less concerning than an open-market discretionary sale, though it still adds supply pressure. Article Title
• Negative Sentiment: CFO Sagi Niri sold 34,667 shares recently, extending a pattern of insider selling that may weigh on investor sentiment despite the stock’s strong analyst support. Article Title

Institutional Inflows and Outflows

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

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.