Nexxen International (NASDAQ:NEXN) CFO Sagi Niri Sells 18,660 Shares of Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 18,660 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $8.52, for a total value of $158,983.20. Following the transaction, the chief financial officer owned 514,136 shares in the company, valued at approximately $4,380,438.72. This represents a 3.50% decrease in their position. The sale 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 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 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.
• On Friday, May 29th, Sagi Niri sold 1,486 shares of Nexxen International stock. The shares were sold at an average price of $8.50, for a total value of $12,631.00.

Nexxen International Price Performance

NEXN opened at $8.56 on Friday. The business’s 50-day moving average is $7.49 and its two-hundred day moving average is $6.81. Nexxen International Ltd. Sponsored ADR has a 1 year low of $5.60 and a 1 year high of $11.59. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $481.76 million, a PE ratio of 28.53 and a beta of 1.64.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on NEXN shares. BTIG Research dropped their target price on Nexxen International from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Wall Street Zen raised Nexxen International from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Rosenblatt Securities boosted their price target on Nexxen International from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Scotiabank decreased their price target on 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 decreased their price target on 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 given a Hold rating to the company. Based on data from MarketBeat.com, Nexxen International currently has an average rating of “Moderate Buy” and a consensus target price of $10.69.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NEXN. Geode Capital Management LLC raised its stake 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 purchasing an additional 465,936 shares during the last quarter. Rock Point Advisors LLC raised its stake in Nexxen International by 42.5% in the 4th quarter. Rock Point Advisors LLC now owns 950,517 shares of the company’s stock valued at $6,216,000 after purchasing an additional 283,295 shares during the last quarter. ARK Investment Management LLC purchased a new stake in Nexxen International in the 3rd quarter valued at $1,798,000. BNP Paribas Financial Markets grew its holdings in Nexxen International by 354.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 122,106 shares of the company’s stock valued at $1,271,000 after buying an additional 95,219 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Nexxen International by 328.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 74,102 shares of the company’s stock valued at $485,000 after buying an additional 56,808 shares in the last quarter. 54.24% of the stock is owned by institutional investors and hedge funds.

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.