Sagi Niri Sells 1,486 Shares of Nexxen International (NASDAQ:NEXN) Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 1,486 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $8.50, for a total transaction of $12,631.00. Following the sale, the chief financial officer owned 567,580 shares of the company’s stock, valued at $4,824,430. This represents a 0.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nexxen International Stock Performance

Shares of NEXN stock traded up $0.30 during mid-day trading on Monday, hitting $8.70. 311,245 shares of the stock were exchanged, compared to its average volume of 338,206. Nexxen International Ltd. Sponsored ADR has a 12-month low of $5.60 and a 12-month high of $11.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $489.67 million, a price-to-earnings ratio of 29.00 and a beta of 1.61. The stock’s fifty day simple moving average is $7.34 and its two-hundred day simple moving average is $6.77.

Nexxen International (NASDAQ:NEXN) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.06 earnings per share 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 forecast that Nexxen International Ltd. Sponsored ADR will post 0.75 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on NEXN. BTIG Research dropped their target price on Nexxen International from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Royal Bank Of Canada upped their target price on Nexxen International from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Needham & Company LLC raised their price target on Nexxen International from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Canaccord Genuity Group cut their price target 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. Finally, Wall Street Zen upgraded shares of Nexxen International from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.69.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NEXN. Geode Capital Management LLC lifted its holdings in shares of Nexxen International by 1,062.0% during the 2nd quarter. Geode Capital Management LLC now owns 509,808 shares of the company’s stock worth $5,307,000 after acquiring an additional 465,936 shares during the period. Rhumbline Advisers grew its holdings in Nexxen International by 1,244.5% in the second quarter. Rhumbline Advisers now owns 59,926 shares of the company’s stock valued at $624,000 after purchasing an additional 55,469 shares during the period. New York State Common Retirement Fund purchased a new stake in Nexxen International in the second quarter valued at approximately $124,000. California State Teachers Retirement System acquired a new position in Nexxen International during the second quarter worth approximately $25,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Nexxen International by 354.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 122,106 shares of the company’s stock valued at $1,271,000 after purchasing an additional 95,219 shares during the last quarter. Institutional investors and hedge funds 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.