Sagi Niri Sells 3,655 Shares of Nexxen International (NASDAQ:NEXN) Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 3,655 shares of the company’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $9.73, for a total value of $35,563.15. Following the completion of the sale, the chief financial officer owned 328,176 shares of the company’s stock, valued at approximately $3,193,152.48. The trade was a 1.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Monday, July 6th, Sagi Niri sold 199 shares of Nexxen International stock. The shares were sold at an average price of $9.54, for a total transaction of $1,898.46.
• On Thursday, July 2nd, Sagi Niri sold 49,826 shares of Nexxen International stock. The shares were sold at an average price of $9.54, for a total transaction 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 transaction of $56,450.79.
• On Monday, June 29th, Sagi Niri sold 68,886 shares of Nexxen International stock. The stock was 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.
• On Thursday, June 4th, Sagi Niri sold 13,164 shares of Nexxen International stock. The shares were sold at an average price of $8.54, for a total value of $112,420.56.

Nexxen International Trading Up 4.3%

Nexxen International stock traded up $0.41 during mid-day trading on Monday, hitting $10.06. The company’s stock had a trading volume of 181,046 shares, compared to its average volume of 337,304. The firm has a market capitalization of $566.40 million, a PE ratio of 33.41 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 $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 moving average is $8.48 and its two-hundred day moving average is $7.24.

Nexxen International (NASDAQ:NEXN) last posted its earnings results on Wednesday, April 1st. The company reported $0.06 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. On average, analysts anticipate that Nexxen International Ltd. Sponsored ADR will post 0.75 EPS for the current year.

Institutional Investors Weigh In On Nexxen International

Hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System purchased a new position in Nexxen International during the 2nd quarter worth approximately $25,000. Quantbot Technologies LP acquired a new position in shares of Nexxen International in the 3rd quarter valued at $43,000. Legato Capital Management LLC raised its position in Nexxen International by 23.8% in the 4th quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock valued at $164,000 after purchasing an additional 4,815 shares during the last quarter. GAMMA Investing LLC grew its position 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 during the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in shares of Nexxen International in the second quarter valued at about $124,000. Institutional investors and hedge funds own 54.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Needham & Company LLC increased their target price on shares of Nexxen International from $8.50 to $10.50 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Rosenblatt Securities restated a “buy” rating and issued a $16.00 price objective on shares of Nexxen International in a report on Wednesday, June 17th. Royal Bank Of Canada lifted their target price on shares of Nexxen International from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Craig Hallum raised Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Thursday. Finally, BTIG Research upped their price target on Nexxen International from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.61.

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.