Sagi Niri Sells 68,886 Shares of Nexxen International (NASDAQ:NEXN) Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 68,886 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $9.08, for a total value of $625,484.88. Following the completion of the sale, the chief financial officer owned 381,856 shares of the company’s stock, valued at approximately $3,467,252.48. The trade was a 15.28% 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 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 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 stock was 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 stock was sold at an average price of $8.54, for a total transaction 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 transaction 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 transaction of $158,983.20.
• On Monday, June 1st, Sagi Niri sold 33,757 shares of Nexxen International stock. The shares were sold at an average price of $8.63, for a total transaction of $291,322.91.

Nexxen International Stock Up 0.1%

Shares of NASDAQ NEXN opened at $9.55 on Friday. The company has a 50 day simple moving average of $8.22 and a 200-day simple moving average of $7.12. The company has a market capitalization of $537.47 million, a P/E ratio of 31.83 and a beta of 1.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.25 and a quick ratio of 1.25. Nexxen International Ltd. Sponsored ADR has a 1 year low of $5.60 and a 1 year high of $11.59.

Nexxen International (NASDAQ:NEXN) last released its quarterly earnings data on Wednesday, April 1st. The company reported $0.06 EPS for the quarter. The firm 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, equities research analysts predict that Nexxen International Ltd. Sponsored ADR will post 0.75 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on NEXN. Wall Street Zen raised Nexxen International from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Needham & Company LLC boosted their price objective on shares of Nexxen International from $8.50 to $10.50 and gave the company a “buy” rating in a report on Wednesday, June 17th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $16.00 target price on shares of Nexxen International in a research report on Wednesday, June 17th. Raymond James Financial upped their target price on shares of Nexxen International from $9.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Finally, Canaccord Genuity Group dropped their price target on shares of Nexxen International from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Nexxen International has a consensus rating of “Moderate Buy” and an average target price of $11.17.

Institutional Investors Weigh In On Nexxen International

A number of institutional investors have recently modified their holdings of NEXN. California State Teachers Retirement System purchased a new stake in shares of Nexxen International in the 2nd quarter valued at $25,000. Quantbot Technologies LP purchased a new position in Nexxen International during the 3rd quarter valued at about $43,000. Jump Financial LLC acquired a new position in Nexxen International in the 4th quarter valued at about $95,000. New York State Common Retirement Fund acquired a new position in Nexxen International in the 2nd quarter valued at about $124,000. Finally, Legato Capital Management LLC increased its stake in Nexxen International by 23.8% during the fourth quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock worth $164,000 after purchasing an additional 4,815 shares during the period. 54.24% of the stock is owned by institutional investors and hedge funds.

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.