Sagi Niri Sells 17,578 Shares of Nexxen International (NASDAQ:NEXN) Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 17,578 shares of Nexxen International stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $10.51, for a total transaction of $184,744.78. Following the sale, the chief financial officer directly owned 126,488 shares in the company, valued at approximately $1,329,388.88. The trade was a 12.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 Friday, July 10th, Sagi Niri sold 3,655 shares of Nexxen International stock. The stock was sold at an average price of $9.73, for a total value of $35,563.15.
• On Monday, July 6th, Sagi Niri sold 199 shares of Nexxen International stock. The stock was sold at an average price of $9.54, for a total value of $1,898.46.
• On Thursday, July 2nd, Sagi Niri sold 49,826 shares of Nexxen International stock. The stock was sold at an average price of $9.54, for a total value of $475,340.04.
• 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 value of $56,450.79.
• On Monday, June 29th, Sagi Niri sold 68,886 shares of Nexxen International stock. The shares were sold at an average price of $9.08, for a total transaction of $625,484.88.
• On Wednesday, June 17th, Sagi Niri sold 2,098 shares of Nexxen International stock. The shares were 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 shares were sold at an average price of $8.78, for a total transaction 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 transaction 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 transaction of $1,740.00.
• On Wednesday, June 10th, Sagi Niri sold 5,922 shares of Nexxen International stock. The shares were sold at an average price of $8.74, for a total transaction of $51,758.28.

Nexxen International Price Performance

Nexxen International stock opened at $10.28 on Friday. The company’s 50 day simple moving average is $9.17 and its 200-day simple moving average is $7.63. The company has a market capitalization of $578.56 million, a price-to-earnings ratio of 34.27 and a beta of 1.62. Nexxen International Ltd. Sponsored ADR has a 1 year low of $5.60 and a 1 year high of $10.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.25.

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

Hedge Funds Weigh In On Nexxen International

Several institutional investors have recently modified their holdings of the business. California State Teachers Retirement System purchased a new stake in shares of Nexxen International during the second quarter worth $25,000. Quantbot Technologies LP purchased a new position in Nexxen International in the third quarter valued at $43,000. New York State Common Retirement Fund purchased a new position in Nexxen International in the second quarter valued at $124,000. Jump Financial LLC acquired a new position in Nexxen International during the 4th quarter worth $95,000. Finally, GAMMA Investing LLC grew its stake in Nexxen International by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 16,496 shares of the company’s stock worth $149,000 after purchasing an additional 6,764 shares in the last quarter. Institutional investors and hedge funds own 54.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NEXN shares. BTIG Research raised their price target on Nexxen International from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Craig Hallum upgraded Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, July 9th. Needham & Company LLC increased their target price on Nexxen International from $8.50 to $10.50 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Raymond James Financial raised their target price on Nexxen International from $9.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $16.00 target price on shares of Nexxen International in a research report on Wednesday, June 17th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.61.

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.