Public Employees Retirement System of Ohio Takes Position in Nexxen International Ltd. Sponsored ADR $NEXN

Public Employees Retirement System of Ohio acquired a new position in Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 91,449 shares of the company’s stock, valued at approximately $826,000.

Other hedge funds have also recently bought and sold shares of the company. California State Teachers Retirement System acquired a new stake in Nexxen International in the 2nd quarter worth $25,000. Pinnacle Holdings LLC acquired a new position in shares of Nexxen International during the second quarter valued at about $42,000. Quantbot Technologies LP bought a new stake in shares of Nexxen International in the third quarter valued at about $43,000. Jump Financial LLC bought a new stake in shares of Nexxen International in the fourth quarter valued at about $95,000. Finally, New York State Common Retirement Fund acquired a new stake in Nexxen International during the second quarter worth about $124,000. 54.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Daniel Kerstein sold 11,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $10.38, for a total transaction of $114,180.00. Following the completion of the sale, the director owned 34,678 shares in the company, valued at $359,957.64. This trade represents a 24.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sagi Niri sold 68,886 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $9.08, for a total transaction of $625,484.88. Following the completion of the transaction, the chief financial officer owned 381,856 shares in the company, valued at approximately $3,467,252.48. This trade represents a 15.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 195,452 shares of company stock valued at $1,828,302.

Analyst Ratings Changes

NEXN has been the topic of several research reports. Scotiabank boosted their price target on Nexxen International from $11.00 to $13.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 13th. Wall Street Zen raised Nexxen International from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Weiss Ratings upgraded Nexxen International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 27th. BTIG Research upped their target price on Nexxen International from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Finally, Canaccord Genuity Group raised their target price on Nexxen International from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Nexxen International currently has a consensus rating of “Buy” and a consensus target price of $12.89.

Nexxen International Stock Down 2.3%

Shares of NEXN opened at $9.17 on Thursday. The stock has a market cap of $522.24 million, a price-to-earnings ratio of 41.68 and a beta of 1.60. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.05. Nexxen International Ltd. Sponsored ADR has a 12 month low of $5.60 and a 12 month high of $11.30. The company has a 50-day moving average price of $10.04 and a two-hundred day moving average price of $8.43.

Nexxen International (NASDAQ:NEXN) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. Nexxen International had a return on equity of 7.03% and a net margin of 3.41%.The company had revenue of $100.52 million for the quarter, compared to analyst estimates of $93.09 million. Equities analysts predict that Nexxen International Ltd. Sponsored ADR will post 0.73 EPS for the current fiscal year.

Nexxen International 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.