Sagi Niri Sells 34,667 Shares of Nexxen International (NASDAQ:NEXN) Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 34,667 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $8.78, for a total transaction of $304,376.26. Following the transaction, the chief financial officer directly owned 459,023 shares of the company’s stock, valued at $4,030,221.94. This represents a 7.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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 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 value 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 value of $51,758.28.
• 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 stock was 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 transaction of $12,631.00.

Nexxen International Stock Performance

Shares of NEXN stock opened at $8.60 on Friday. The company has a market capitalization of $484.01 million, a price-to-earnings ratio of 28.67 and a beta of 1.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.25. Nexxen International Ltd. Sponsored ADR has a one year low of $5.60 and a one year high of $11.59. The company’s 50-day moving average is $7.89 and its 200 day moving average is $6.96.

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 net margin of 4.85% and a return on equity of 7.78%. The business had revenue of $86.84 million during the quarter. Sell-side analysts expect that Nexxen International Ltd. Sponsored ADR will post 0.73 EPS for the current fiscal year.

Key Nexxen International News

Here are the key news stories impacting Nexxen International this week:

• Positive Sentiment: Multiple analysts turned more upbeat on Nexxen International, with Raymond James, Scotiabank, BTIG, and Needham all raising price targets, and Rosenblatt reaffirming a buy rating with a $16 target. Article Title
• Positive Sentiment: Additional coverage noted a “moderate buy” consensus and average price target above the current trading range, reinforcing expectations for upside if execution stays strong. Article Title
• Neutral Sentiment: The CFO’s latest stock sale was disclosed as part of a pre-arranged Rule 10b5-1 trading plan, which makes it less concerning than an open-market discretionary sale, though it still adds supply pressure. Article Title
• Negative Sentiment: CFO Sagi Niri sold 34,667 shares recently, extending a pattern of insider selling that may weigh on investor sentiment despite the stock’s strong analyst support. Article Title

Analysts Set New Price Targets

NEXN has been the subject of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and set a $16.00 target price on shares of Nexxen International in a research note on Wednesday. Royal Bank Of Canada lifted their price target on shares of Nexxen International from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Canaccord Genuity Group reduced 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. Scotiabank raised their target price on Nexxen International from $10.00 to $11.00 and gave the stock a “sector outperform” rating in a report on Wednesday. Finally, Needham & Company LLC lifted their target price on Nexxen International from $8.50 to $10.50 and gave the company a “buy” rating in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.17.

Hedge Funds Weigh In On Nexxen International

A number of hedge funds and other institutional investors have recently modified their holdings of NEXN. California State Teachers Retirement System purchased a new stake in Nexxen International in the 2nd quarter worth $25,000. Quantbot Technologies LP purchased a new position in shares of Nexxen International during the third quarter valued at about $43,000. Jump Financial LLC purchased a new position in shares of Nexxen International during the fourth quarter valued at about $95,000. New York State Common Retirement Fund bought a new stake in shares of Nexxen International in the second quarter worth about $124,000. Finally, Legato Capital Management LLC increased its holdings in shares of Nexxen International by 23.8% in 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 last quarter. Institutional investors own 54.24% of the company’s stock.

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.