Nexxen International (NASDAQ:NEXN) CFO Sagi Niri Sells 13,164 Shares

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 13,164 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $8.54, for a total transaction of $112,420.56. Following the sale, the chief financial officer owned 500,972 shares of the company’s stock, valued at $4,278,300.88. This represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sagi Niri also recently made the following trade(s):

• 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 shares were sold at an average price of $8.50, for a total value of $12,631.00.

Nexxen International Stock Performance

Shares of Nexxen International stock opened at $8.44 on Tuesday. Nexxen International Ltd. Sponsored ADR has a 52 week low of $5.60 and a 52 week high of $11.59. The business’s fifty day simple moving average is $7.57 and its 200-day simple moving average is $6.84. The firm has a market cap of $475.00 million, a PE ratio of 28.13 and a beta of 1.64. 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 earnings per share (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%. Equities analysts forecast that Nexxen International Ltd. Sponsored ADR will post 0.73 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Canaccord Genuity Group decreased their price objective on shares of Nexxen International from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Scotiabank dropped their target price on shares of Nexxen International from $12.00 to $10.00 and set a “sector outperform” rating for the company in a report on Thursday, March 5th. Wall Street Zen raised Nexxen International from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Royal Bank Of Canada upped their price target on Nexxen International from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Finally, BTIG Research lowered their price target on Nexxen International from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Seven 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.69.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Nexxen International by 1,062.0% in the 2nd quarter. Geode Capital Management LLC now owns 509,808 shares of the company’s stock valued at $5,307,000 after purchasing an additional 465,936 shares during the last quarter. 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 purchasing an additional 283,295 shares in the last quarter. ARK Investment Management LLC purchased a new stake in shares of Nexxen International during the 3rd quarter worth $1,798,000. BNP Paribas Financial Markets grew its stake in shares of Nexxen International by 354.1% during 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 in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of 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 worth $485,000 after purchasing an additional 56,808 shares in the last quarter. Hedge funds and other institutional investors own 54.24% of the company’s stock.

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.