Insider Selling: Nexxen International (NASDAQ:NEXN) CFO Sells $184,744.78 in Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 17,578 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $10.51, for a total value of $184,744.78. Following the completion of the transaction, the chief financial officer owned 126,488 shares of the company’s stock, valued at $1,329,388.88. This trade represents a 12.20% decrease in their position. The sale was disclosed in a legal 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 Friday, July 10th, Sagi Niri sold 3,655 shares of Nexxen International stock. The shares were 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 shares were 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 shares were 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 stock was sold at an average price of $9.08, for a total value of $625,484.88.
• On Wednesday, June 17th, Sagi Niri sold 2,098 shares of Nexxen International stock. The stock was sold at an average price of $8.78, for a total value 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 value 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 value 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 stock was sold at an average price of $8.74, for a total transaction of $51,758.28.

Nexxen International Stock Performance

NEXN opened at $10.28 on Friday. 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 Ltd. Sponsored ADR has a 12-month low of $5.60 and a 12-month high of $10.83. The firm has a 50 day moving average of $9.17 and a two-hundred day moving average of $7.63. The firm has a market capitalization of $578.56 million, a PE ratio of 34.27 and a beta of 1.62.

Nexxen International (NASDAQ:NEXN) last released 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 net margin of 4.85% and a return on equity of 7.78%. On average, analysts anticipate that Nexxen International Ltd. Sponsored ADR will post 0.75 EPS for the current year.

Analyst Ratings Changes

NEXN has been the topic of several recent research reports. BTIG Research upped their price target on shares of Nexxen International from $9.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Wall Street Zen upgraded Nexxen International from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. 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 report on Thursday, May 14th. Craig Hallum upgraded Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Thursday, July 9th. Finally, Raymond James Financial boosted their price target on Nexxen International from $9.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.61.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NEXN. California State Teachers Retirement System purchased a new stake in shares of Nexxen International during the 2nd quarter worth about $25,000. Quantbot Technologies LP acquired a new stake in shares of Nexxen International during the 3rd quarter valued at about $43,000. Jump Financial LLC purchased a new position in shares of Nexxen International in the 4th quarter valued at about $95,000. New York State Common Retirement Fund purchased a new position in shares of Nexxen International in the 2nd quarter valued at about $124,000. Finally, GAMMA Investing LLC raised its holdings in Nexxen International by 69.5% in 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 period. Institutional investors and hedge funds 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.