Nexxen International (NASDAQ:NEXN) CFO Sagi Niri Sells 5,922 Shares

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 5,922 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $8.74, for a total transaction of $51,758.28. Following the sale, the chief financial officer directly owned 495,050 shares in the company, valued at $4,326,737. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 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 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 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 shares were 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 transaction of $12,631.00.

Nexxen International Stock Down 1.9%

NEXN stock traded down $0.17 during midday trading on Thursday, hitting $8.50. The company’s stock had a trading volume of 45,465 shares, compared to its average volume of 326,953. The company has a market cap of $478.61 million, a PE ratio of 28.32 and a beta of 1.64. The firm’s 50-day moving average is $7.65 and its 200-day moving average is $6.87. 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.

Nexxen International (NASDAQ:NEXN) last posted its quarterly earnings results on Wednesday, April 1st. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $86.84 million during the quarter. Nexxen International had a return on equity of 7.78% and a net margin of 4.85%. On average, equities research analysts forecast that Nexxen International Ltd. Sponsored ADR will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NEXN shares. Wall Street Zen upgraded shares of Nexxen International from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. BTIG Research lowered their price objective on shares of Nexxen International from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Scotiabank cut their price objective on shares of Nexxen International from $12.00 to $10.00 and set a “sector outperform” rating for the company in a research report on Thursday, March 5th. Rosenblatt Securities raised their target price on Nexxen International from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Royal Bank Of Canada raised their price target on Nexxen International from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Nexxen International has a consensus rating of “Moderate Buy” and a consensus target price of $10.69.

Hedge Funds Weigh In On Nexxen International

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in Nexxen International by 1,062.0% in the 2nd quarter. Geode Capital Management LLC now owns 509,808 shares of the company’s stock valued at $5,307,000 after buying an additional 465,936 shares during the period. Rock Point Advisors LLC raised its stake in shares of Nexxen International by 42.5% during the fourth quarter. Rock Point Advisors LLC now owns 950,517 shares of the company’s stock valued at $6,216,000 after acquiring an additional 283,295 shares in the last quarter. ARK Investment Management LLC bought a new stake in shares of Nexxen International during the third quarter valued at approximately $1,798,000. BNP Paribas Financial Markets boosted its holdings in shares of Nexxen International by 354.1% in the second quarter. BNP Paribas Financial Markets now owns 122,106 shares of the company’s stock valued at $1,271,000 after purchasing an additional 95,219 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in shares of 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 worth $485,000 after buying an additional 56,808 shares in the last quarter. 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.