Nexxen International (NASDAQ:NEXN) CFO Sells $625,484.88 in Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 68,886 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $9.08, for a total transaction of $625,484.88. Following the completion of the transaction, the chief financial officer directly owned 381,856 shares of the company’s stock, valued at approximately $3,467,252.48. The trade was a 15.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 Tuesday, June 30th, Sagi Niri sold 6,183 shares of Nexxen International stock. The stock was sold at an average price of $9.13, for a total transaction of $56,450.79.
• 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 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 value 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 value 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 value 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 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.

Nexxen International Price Performance

Shares of NASDAQ NEXN opened at $9.55 on Friday. 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 current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $537.47 million, a price-to-earnings ratio of 31.83 and a beta of 1.62. The business has a 50-day moving average of $8.27 and a 200-day moving average of $7.14.

Nexxen International (NASDAQ:NEXN) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.06 earnings per share for the quarter. The company had revenue of $86.84 million for the quarter. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%. Sell-side analysts expect that Nexxen International Ltd. Sponsored ADR will post 0.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on NEXN shares. Wall Street Zen raised shares of Nexxen International from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $16.00 target price on shares of Nexxen International in a research note on Wednesday, June 17th. BTIG Research raised their price target on Nexxen International from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Needham & Company LLC raised their price target on Nexxen International from $8.50 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Finally, Scotiabank lifted their price target on Nexxen International from $10.00 to $11.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, June 17th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.17.

Institutional Trading of Nexxen International

Institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System bought a new position in shares of Nexxen International in the second quarter worth approximately $25,000. Quantbot Technologies LP bought a new stake in Nexxen International during the 3rd quarter valued at $43,000. Jump Financial LLC bought a new stake in Nexxen International during the 4th quarter valued at $95,000. New York State Common Retirement Fund purchased a new stake in Nexxen International during the 2nd quarter valued at $124,000. Finally, Legato Capital Management LLC boosted its position in Nexxen International by 23.8% during the 4th quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock valued at $164,000 after buying an additional 4,815 shares during the period. 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.