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

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 13,164 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $8.54, for a total transaction of $112,420.56. Following the transaction, the chief financial officer owned 500,972 shares of the company’s stock, valued at approximately $4,278,300.88. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 transaction 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 transaction 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 transaction 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 transaction of $12,631.00.

Nexxen International Stock Performance

Shares of NEXN stock traded down $0.11 on Monday, reaching $8.42. The stock had a trading volume of 68,812 shares, compared to its average volume of 331,853. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.04. The firm’s 50-day moving average is $7.53 and its two-hundred day moving average is $6.82. The firm has a market capitalization of $473.88 million, a price-to-earnings ratio of 28.02 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.

Nexxen International (NASDAQ:NEXN) last issued its earnings results on Wednesday, April 1st. The company reported $0.06 earnings per share (EPS) for the quarter. The company 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%. On average, research analysts expect that Nexxen International Ltd. Sponsored ADR will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. California State Teachers Retirement System bought a new position in Nexxen International in the 2nd quarter valued at about $25,000. Navellier & Associates Inc. grew its position in shares of Nexxen International by 4.0% during the 3rd quarter. Navellier & Associates Inc. now owns 110,156 shares of the company’s stock worth $1,019,000 after purchasing an additional 4,200 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Nexxen International during the 3rd quarter worth approximately $43,000. Legato Capital Management LLC grew its position in shares of Nexxen International by 23.8% during the 4th quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock worth $164,000 after purchasing an additional 4,815 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new position in shares of Nexxen International during the 2nd quarter worth approximately $124,000. 54.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NEXN. Rosenblatt Securities upped their target price on shares of Nexxen International from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Canaccord Genuity Group lowered their price target 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. Needham & Company LLC increased their price target on shares of Nexxen International from $7.50 to $8.50 and gave the company a “buy” rating in a report on Wednesday, May 13th. Scotiabank lowered their price target on shares of Nexxen International from $12.00 to $10.00 and set a “sector outperform” rating on the stock in a report on Thursday, March 5th. Finally, Royal Bank Of Canada increased their price target on shares of Nexxen International from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Nexxen International currently has an average rating of “Moderate Buy” and an average price target of $10.69.

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.