Nexxen International (NASDAQ:NEXN) CFO Sells $184,744.78 in Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 17,578 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $10.51, for a total value of $184,744.78. Following the sale, the chief financial officer directly owned 126,488 shares of the company’s stock, valued at $1,329,388.88. This trade represents a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 Friday, July 10th, Sagi Niri sold 3,655 shares of Nexxen International stock. The shares were sold at an average price of $9.73, for a total transaction of $35,563.15.
• On Monday, July 6th, Sagi Niri sold 199 shares of Nexxen International stock. The stock was sold at an average price of $9.54, for a total transaction of $1,898.46.
• On Thursday, July 2nd, Sagi Niri sold 49,826 shares of Nexxen International stock. The stock was sold at an average price of $9.54, for a total transaction of $475,340.04.
• 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 transaction of $56,450.79.
• On Monday, June 29th, Sagi Niri sold 68,886 shares of Nexxen International stock. The shares were sold at an average price of $9.08, for a total transaction 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 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 stock was 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 value of $51,758.28.

Nexxen International Stock Down 2.0%

Shares of NASDAQ:NEXN traded down $0.21 on Thursday, reaching $10.35. The company had a trading volume of 58,729 shares, compared to its average volume of 354,268. The stock has a market capitalization of $582.22 million, a P/E ratio of 34.40 and a beta of 1.62. The stock has a 50-day moving average price of $9.09 and a 200 day moving average price of $7.58. Nexxen International Ltd. Sponsored ADR has a twelve month low of $5.60 and a twelve month high of $10.83. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.04.

Nexxen International (NASDAQ:NEXN) last issued its quarterly earnings data on Wednesday, April 1st. The company reported $0.06 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 for the quarter. On average, equities analysts expect that Nexxen International Ltd. Sponsored ADR will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NEXN. Rock Point Advisors LLC boosted its position 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 acquiring an additional 283,295 shares in the last quarter. Strs Ohio lifted its stake in Nexxen International by 35.7% during 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 period. Rhumbline Advisers lifted its stake in 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 period. Public Employees Retirement System of Ohio boosted its holdings in Nexxen International by 328.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 74,102 shares of the company’s stock valued at $485,000 after purchasing an additional 56,808 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its holdings in Nexxen International by 470.3% during the second quarter. State of Tennessee Department of Treasury now owns 32,874 shares of the company’s stock valued at $342,000 after purchasing an additional 27,110 shares in the last quarter. 54.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NEXN. Needham & Company LLC boosted their price objective on shares of Nexxen International from $8.50 to $10.50 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Scotiabank raised their target price on shares of Nexxen International from $10.00 to $11.00 and gave the company a “sector outperform” rating in a research note on Wednesday, June 17th. 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 boosted their target price on shares of Nexxen International from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Finally, Craig Hallum raised Nexxen International from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, July 9th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $11.61.

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.