Sagi Niri Sells 6,183 Shares of Nexxen International (NASDAQ:NEXN) Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 6,183 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $9.13, for a total transaction of $56,450.79. Following the sale, the chief financial officer owned 381,856 shares in the company, valued at $3,486,345.28. This represents a 1.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 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 transaction of $625,484.88.
• On Wednesday, June 17th, Sagi Niri sold 2,098 shares of Nexxen International stock. The stock was 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 shares were 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 shares were sold at an average price of $8.71, for a total value 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 shares were sold at an average price of $8.74, for a total value 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 shares were sold at an average price of $8.63, for a total value of $291,322.91.

Nexxen International Price Performance

Shares of NEXN opened at $9.55 on Friday. The business’s 50-day moving average is $8.22 and its 200-day moving average is $7.12. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $537.47 million, a price-to-earnings ratio of 31.83 and a beta of 1.62. Nexxen International Ltd. Sponsored ADR has a fifty-two week low of $5.60 and a fifty-two week high of $11.59.

Nexxen International (NASDAQ:NEXN) last announced its quarterly earnings data on Wednesday, April 1st. The company reported $0.06 EPS for the quarter. The firm had revenue of $86.84 million for the quarter. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%. Equities research analysts expect that Nexxen International Ltd. Sponsored ADR will post 0.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Nexxen International

Several hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System bought a new position in Nexxen International during the second quarter valued at about $25,000. Quantbot Technologies LP bought a new stake in shares of Nexxen International during the 3rd quarter worth about $43,000. Jump Financial LLC acquired a new position in shares of Nexxen International during the 4th quarter valued at about $95,000. New York State Common Retirement Fund acquired a new position in shares of Nexxen International during the 2nd quarter valued at about $124,000. Finally, Legato Capital Management LLC raised its stake in shares of Nexxen International by 23.8% in the 4th quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock valued at $164,000 after acquiring an additional 4,815 shares in the last quarter. 54.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Scotiabank increased their price objective on Nexxen International from $10.00 to $11.00 and gave the stock a “sector outperform” rating in a report on Wednesday, June 17th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $16.00 target price on shares of Nexxen International in a research report on Wednesday, June 17th. Needham & Company LLC raised their price target on Nexxen International from $8.50 to $10.50 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Wall Street Zen upgraded Nexxen International from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Finally, Canaccord Genuity Group lowered 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. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.17.

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.