Sagi Niri Sells 49,826 Shares of Nexxen International (NASDAQ:NEXN) Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 49,826 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $9.54, for a total value of $475,340.04. Following the completion of the sale, the chief financial officer owned 332,030 shares in the company, valued at $3,167,566.20. The trade was a 13.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 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 stock was 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 shares were sold at an average price of $8.70, for a total value 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 value of $51,758.28.
• 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 shares were 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 shares were sold at an average price of $8.52, for a total value of $158,983.20.

Nexxen International Stock Up 0.8%

NASDAQ:NEXN opened at $9.39 on Wednesday. The firm has a market capitalization of $528.51 million, a price-to-earnings ratio of 31.30 and a beta of 1.62. Nexxen International Ltd. Sponsored ADR has a twelve month low of $5.60 and a twelve month high of $11.59. The stock’s 50 day moving average price is $8.35 and its two-hundred day moving average price is $7.18. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.04.

Nexxen International (NASDAQ:NEXN) last released its quarterly earnings data 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 during the quarter. Equities research analysts expect that Nexxen International Ltd. Sponsored ADR will post 0.75 earnings per share for the current fiscal year.

Institutional Trading of Nexxen International

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Nexxen International by 1,062.0% in the second 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 lifted its holdings in Nexxen International by 42.5% during the 4th quarter. Rock Point Advisors LLC now owns 950,517 shares of the company’s stock worth $6,216,000 after purchasing an additional 283,295 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Nexxen International by 354.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 122,106 shares of the company’s stock worth $1,271,000 after purchasing an additional 95,219 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake 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 purchasing an additional 56,808 shares during the period. Finally, Rhumbline Advisers boosted its stake in Nexxen International by 1,244.5% in the 2nd quarter. Rhumbline Advisers now owns 59,926 shares of the company’s stock valued at $624,000 after purchasing an additional 55,469 shares during the period. Institutional investors and hedge funds own 54.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NEXN. Needham & Company LLC lifted their price objective on shares of Nexxen International from $8.50 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $16.00 target price on shares of Nexxen International in a research note on Wednesday, June 17th. Wall Street Zen upgraded Nexxen International from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Scotiabank boosted their price target on Nexxen International from $10.00 to $11.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, June 17th. Finally, BTIG Research upped their price objective on Nexxen International from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Eight investment 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 presently has a consensus rating of “Moderate Buy” and an average price target of $11.17.

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.