Insider Selling: Nexxen International (NASDAQ:NEXN) CFO Sells $304,376.26 in Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 34,667 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $8.78, for a total transaction of $304,376.26. Following the completion of the sale, the chief financial officer directly owned 459,023 shares in the company, valued at $4,030,221.94. This trade represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 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 value 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 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 Price Performance

NEXN stock opened at $8.60 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $484.01 million, a PE ratio of 28.67 and a beta of 1.64. Nexxen International Ltd. Sponsored ADR has a 12-month low of $5.60 and a 12-month high of $11.59. The business’s fifty day moving average price is $7.93 and its 200 day moving average price is $6.97.

Nexxen International (NASDAQ:NEXN) last announced its earnings results on Wednesday, April 1st. The company reported $0.06 EPS for the quarter. The company 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%. On average, sell-side analysts anticipate that Nexxen International Ltd. Sponsored ADR will post 0.75 EPS for the current year.

Institutional Trading of Nexxen International

Large investors have recently made changes to their positions in the company. California State Teachers Retirement System acquired a new stake in Nexxen International in the second quarter valued at approximately $25,000. Quantbot Technologies LP acquired a new position in Nexxen International during the 3rd quarter worth approximately $43,000. New York State Common Retirement Fund acquired a new position in Nexxen International during the 2nd quarter worth approximately $124,000. Jump Financial LLC purchased a new stake in shares of Nexxen International in the 4th quarter valued at approximately $95,000. Finally, FourThought Financial Partners LLC purchased a new stake in shares of Nexxen International in the 3rd quarter valued at approximately $168,000. 54.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEXN has been the subject of a number of research reports. Rosenblatt Securities restated a “buy” rating and issued a $16.00 price objective on shares of Nexxen International in a report on Wednesday. Canaccord Genuity Group decreased their price target 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. Royal Bank Of Canada boosted their price target on shares of Nexxen International from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. BTIG Research upped their price objective on Nexxen International from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Scotiabank increased their price objective on Nexxen International from $10.00 to $11.00 and gave the company a “sector outperform” rating in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Nexxen International currently has an average rating of “Moderate Buy” and a consensus target price of $11.17.

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.