Sagi Niri Sells 33,757 Shares of Nexxen International (NASDAQ:NEXN) Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 33,757 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $8.63, for a total transaction of $291,322.91. Following the sale, the chief financial officer owned 533,823 shares of the company’s stock, valued at approximately $4,606,892.49. This represents a 5.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Wednesday, June 3rd, Sagi Niri sold 1,027 shares of Nexxen International stock. The stock was 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 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 Up 4.0%

Shares of NASDAQ:NEXN opened at $8.56 on Friday. The stock has a market cap of $481.76 million, a P/E ratio of 28.53 and a beta of 1.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.25 and a quick ratio of 1.25. Nexxen International Ltd. Sponsored ADR has a 1-year low of $5.60 and a 1-year high of $11.59. The firm has a fifty day moving average price of $7.49 and a 200 day moving average price of $6.81.

Nexxen International (NASDAQ:NEXN) last announced its quarterly earnings data on Wednesday, April 1st. The company reported $0.06 EPS for the quarter. The company had revenue of $86.84 million during the quarter. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%. Sell-side analysts predict that Nexxen International Ltd. Sponsored ADR will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NEXN. Geode Capital Management LLC lifted its position 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 worth $5,307,000 after purchasing an additional 465,936 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Nexxen International by 1,244.5% during the second quarter. Rhumbline Advisers now owns 59,926 shares of the company’s stock worth $624,000 after purchasing an additional 55,469 shares in the last quarter. New York State Common Retirement Fund acquired a new position in shares of Nexxen International during the second quarter worth $124,000. California State Teachers Retirement System acquired a new position in shares of Nexxen International during the second quarter worth $25,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Nexxen International by 354.1% during the second 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 in the last quarter. 54.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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