Nexxen International (NASDAQ:NEXN) CFO Sells $291,322.91 in Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 33,757 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $8.63, for a total value of $291,322.91. Following the transaction, the chief financial officer directly owned 533,823 shares of the company’s stock, valued at approximately $4,606,892.49. This trade represents a 5.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sagi Niri also recently made the following trade(s):

• On Wednesday, June 3rd, Sagi Niri sold 1,027 shares of Nexxen International stock. The stock was 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 stock was sold at an average price of $8.52, for a total value of $158,983.20.
• On Friday, May 29th, Sagi Niri sold 1,486 shares of Nexxen International stock. The stock was sold at an average price of $8.50, for a total value of $12,631.00.

Nexxen International Stock Performance

Shares of NEXN stock opened at $8.53 on Friday. The company has a market cap of $480.07 million, a price-to-earnings ratio of 28.43 and a beta of 1.64. The stock has a 50 day simple moving average of $7.53 and a 200-day simple moving average of $6.82. Nexxen International Ltd. Sponsored ADR has a 12-month low of $5.60 and a 12-month 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.

Nexxen International (NASDAQ:NEXN) last released its quarterly earnings data on Wednesday, April 1st. The company reported $0.06 earnings per share for the quarter. Nexxen International had a return on equity of 7.78% and a net margin of 4.85%.The firm had revenue of $86.84 million during the quarter. On average, equities analysts forecast that Nexxen International Ltd. Sponsored ADR will post 0.73 EPS for the current year.

Institutional Investors Weigh In On Nexxen International

Several hedge funds have recently made changes to their positions in NEXN. Geode Capital Management LLC boosted its holdings in shares of Nexxen International by 1,062.0% during the second quarter. Geode Capital Management LLC now owns 509,808 shares of the company’s stock worth $5,307,000 after purchasing an additional 465,936 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Nexxen International by 1,244.5% during the second quarter. Rhumbline Advisers now owns 59,926 shares of the company’s stock worth $624,000 after purchasing an additional 55,469 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Nexxen International during the second quarter worth $124,000. California State Teachers Retirement System acquired a new stake in shares of Nexxen International during the second quarter worth $25,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Nexxen International by 354.1% during the second 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. Institutional investors and hedge funds own 54.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NEXN. BTIG Research dropped their price objective on Nexxen International from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Wall Street Zen raised Nexxen International from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Rosenblatt Securities raised their price objective on Nexxen International from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Needham & Company LLC raised their price objective on Nexxen International from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, Canaccord Genuity Group dropped their price objective on Nexxen International from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.69.

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.