Insider Selling: Nexxen International (NASDAQ:NEXN) CFO Sells $51,758.28 in Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 5,922 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $8.74, for a total value of $51,758.28. Following the completion of the transaction, the chief financial officer directly owned 495,050 shares of the company’s stock, valued at approximately $4,326,737. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 Thursday, June 4th, Sagi Niri sold 13,164 shares of Nexxen International stock. The shares were 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.
• On Monday, June 1st, Sagi Niri sold 33,757 shares of Nexxen International stock. The stock was sold at an average price of $8.63, for a total value of $291,322.91.
• 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 Trading Down 0.1%

Shares of NEXN opened at $8.58 on Friday. Nexxen International Ltd. Sponsored ADR has a 1 year low of $5.60 and a 1 year 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. The stock has a 50 day simple moving average of $7.73 and a 200-day simple moving average of $6.89. The stock has a market cap of $482.88 million, a PE ratio of 28.60 and a beta of 1.64.

Nexxen International (NASDAQ:NEXN) last issued its earnings results on Wednesday, April 1st. The company reported $0.06 earnings per share (EPS) for the quarter. Nexxen International had a return on equity of 7.78% and a net margin of 4.85%.The business had revenue of $86.84 million during the quarter. On average, sell-side analysts predict that Nexxen International Ltd. Sponsored ADR will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NEXN has been the subject of a number of recent research reports. Wall Street Zen raised Nexxen International from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. BTIG Research dropped their target price on Nexxen International from $10.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Canaccord Genuity Group dropped their target price on Nexxen International from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Royal Bank Of Canada increased their target price on Nexxen International from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Finally, Needham & Company LLC increased their price target on Nexxen International from $7.50 to $8.50 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.69.

Institutional Investors Weigh In On Nexxen International

A number of large investors have recently bought and sold shares of the business. Rock Point Advisors LLC grew its position 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 acquiring an additional 283,295 shares during the last quarter. Geode Capital Management LLC grew its position in Nexxen International by 1,062.0% during the 2nd quarter. Geode Capital Management LLC now owns 509,808 shares of the company’s stock worth $5,307,000 after acquiring an additional 465,936 shares during the last quarter. ARK Investment Management LLC bought a new stake in Nexxen International during the 3rd quarter worth approximately $1,798,000. BNP Paribas Financial Markets grew its position 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 acquiring an additional 95,219 shares during the last quarter. Finally, Navellier & Associates Inc. grew its position in Nexxen International by 4.0% during the 3rd quarter. Navellier & Associates Inc. now owns 110,156 shares of the company’s stock worth $1,019,000 after acquiring an additional 4,200 shares during the last quarter. 54.24% of the stock is currently owned by institutional investors.

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.