Nexxen International (NASDAQ:NEXN) CFO Sells 68,886 Shares

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 68,886 shares of Nexxen International stock in a transaction dated Monday, June 29th. The stock was 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 directly owned 381,856 shares of the company’s stock, valued at approximately $3,467,252.48. This trade represents a 15.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Tuesday, June 30th, Sagi Niri sold 6,183 shares of Nexxen International stock. The shares were 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 stock was 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 transaction 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 transaction 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 transaction of $112,420.56.
• 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 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 Performance

NEXN stock traded up $0.36 during midday trading on Wednesday, reaching $9.39. 177,921 shares of the company’s stock traded hands, compared to its average volume of 335,701. The firm has a market capitalization of $528.75 million, a PE ratio of 31.32 and a beta of 1.64. The company has a 50-day moving average price of $8.15 and a two-hundred day moving average price of $7.08. Nexxen International Ltd. Sponsored ADR has a 52 week low of $5.60 and a 52 week high of $11.59. 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 (NASDAQ:NEXN) last posted its quarterly earnings results on Wednesday, April 1st. The company reported $0.06 EPS for the quarter. The firm had revenue of $86.84 million during the quarter. Nexxen International had a return on equity of 7.78% and a net margin of 4.85%. As a group, equities analysts anticipate that Nexxen International Ltd. Sponsored ADR will post 0.75 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on NEXN. BTIG Research lifted their target price on Nexxen International from $9.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Wall Street Zen raised shares of Nexxen International from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Canaccord Genuity Group cut their price objective 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. Raymond James Financial boosted their price objective on shares of Nexxen International from $9.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Finally, Needham & Company LLC upped their target price on shares of Nexxen International from $8.50 to $10.50 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Eight research 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 currently 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 institutional investors have recently added to or reduced their stakes in the business. Rock Point Advisors LLC raised its holdings in shares of Nexxen International by 42.5% in the 4th quarter. Rock Point Advisors LLC now owns 950,517 shares of the company’s stock valued at $6,216,000 after acquiring an additional 283,295 shares in the last quarter. Geode Capital Management LLC grew 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 in the last quarter. ARK Investment Management LLC purchased a new position in shares of Nexxen International during the third quarter worth about $1,798,000. BNP Paribas Financial Markets increased its position in shares of Nexxen International by 354.1% in 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. Finally, Strs Ohio increased its position in shares of Nexxen International by 35.7% in the fourth quarter. Strs Ohio now owns 83,300 shares of the company’s stock worth $545,000 after purchasing an additional 21,900 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.