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

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 5,922 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $8.74, for a total value of $51,758.28. Following the sale, the chief financial officer directly owned 495,050 shares in the company, valued at $4,326,737. The trade was a 1.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value 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 value 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 value of $158,983.20.
• On Monday, June 1st, Sagi Niri sold 33,757 shares of Nexxen International stock. The stock was 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 stock was sold at an average price of $8.50, for a total value of $12,631.00.

Nexxen International Stock Performance

Shares of Nexxen International stock opened at $8.58 on Friday. The company has a market capitalization of $482.88 million, a PE ratio of 28.60 and a beta of 1.64. 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 stock’s fifty day simple moving average is $7.73 and its 200 day simple moving average is $6.89.

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

Wall Street Analyst Weigh In

NEXN has been the topic of several recent research reports. Royal Bank Of Canada lifted their price target on Nexxen International from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Scotiabank dropped their price target on Nexxen International from $12.00 to $10.00 and set a “sector outperform” rating on the stock in a research note on Thursday, March 5th. Rosenblatt Securities lifted their price target on Nexxen International from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. BTIG Research dropped their price target on Nexxen International from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Finally, Needham & Company LLC lifted their price target on Nexxen International from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $10.69.

Institutional Trading of Nexxen International

Hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System acquired a new stake in shares of Nexxen International in the second quarter valued at about $25,000. Quantbot Technologies LP acquired a new stake in shares of Nexxen International in the third quarter valued at about $43,000. Jump Financial LLC acquired a new stake in shares of Nexxen International in the fourth quarter valued at about $95,000. New York State Common Retirement Fund acquired a new stake in shares of Nexxen International in the second quarter valued at about $124,000. Finally, Legato Capital Management LLC increased its position in shares of Nexxen International by 23.8% in the fourth quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock valued at $164,000 after acquiring an additional 4,815 shares during the last quarter. Institutional investors and hedge funds own 54.24% of the company’s stock.

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.