Nexxen International (NASDAQ:NEXN) CFO Sells 49,826 Shares of Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 49,826 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $9.54, for a total value of $475,340.04. Following the sale, the chief financial officer directly owned 332,030 shares of the company’s stock, valued at $3,167,566.20. This represents a 13.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 transaction of $56,450.79.
• On Monday, June 29th, Sagi Niri sold 68,886 shares of Nexxen International stock. The stock was sold at an average price of $9.08, for a total value of $625,484.88.
• 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 value 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 value 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 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 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 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 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.

Nexxen International Stock Performance

Nexxen International stock traded down $0.22 during midday trading on Monday, reaching $9.33. 93,965 shares of the company’s stock were exchanged, compared to its average volume of 334,981. Nexxen International Ltd. Sponsored ADR has a 52 week low of $5.60 and a 52 week high of $11.59. The firm has a market cap of $525.09 million, a price-to-earnings ratio of 31.08 and a beta of 1.62. The stock’s 50-day simple moving average is $8.27 and its 200 day simple moving average is $7.14. 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 released its quarterly 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, analysts expect that Nexxen International Ltd. Sponsored ADR will post 0.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NEXN has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Nexxen International from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. BTIG Research lifted their price target on Nexxen International from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Needham & Company LLC raised 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, June 17th. Royal Bank Of Canada increased their price target on shares of Nexxen International from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Finally, Scotiabank increased their price target on Nexxen International from $10.00 to $11.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, June 17th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.17.

Institutional Investors Weigh In On Nexxen International

Hedge funds have recently added to or reduced their stakes in the stock. Jump Financial LLC bought a new position in shares of Nexxen International during the 4th quarter valued at about $95,000. Public Employees Retirement System of Ohio grew its holdings in Nexxen International by 328.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 74,102 shares of the company’s stock worth $485,000 after purchasing an additional 56,808 shares during the last quarter. Legato Capital Management LLC grew its holdings in shares of Nexxen International by 23.8% during the fourth quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock valued at $164,000 after buying an additional 4,815 shares during the last quarter. Rock Point Advisors LLC raised its stake in shares of Nexxen International by 42.5% during the 4th quarter. Rock Point Advisors LLC now owns 950,517 shares of the company’s stock valued at $6,216,000 after buying an additional 283,295 shares during the last quarter. Finally, Strs Ohio grew its position in Nexxen International by 35.7% during the fourth quarter. Strs Ohio now owns 83,300 shares of the company’s stock valued at $545,000 after buying an additional 21,900 shares during the period. 54.24% of the stock is currently owned by hedge funds and other 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.