Insider Selling: Nexxen International (NASDAQ:NEXN) CFO Sells $18,420.44 in Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN) CFO Sagi Niri sold 2,098 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $8.78, for a total transaction of $18,420.44. Following the completion of the transaction, the chief financial officer directly owned 456,925 shares of the company’s stock, valued at approximately $4,011,801.50. This trade represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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 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 stock was 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 stock was 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 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 Down 0.9%

Nexxen International stock opened at $8.56 on Thursday. Nexxen International Ltd. Sponsored ADR has a fifty-two week low of $5.60 and a fifty-two week high of $11.59. The firm has a market capitalization of $481.76 million, a price-to-earnings ratio of 28.53 and a beta of 1.64. The stock’s fifty day moving average is $8.02 and its two-hundred day moving average is $7.02. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.25.

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

Wall Street Analyst Weigh In

NEXN has been the topic of several recent research reports. Scotiabank upped their price target on shares of Nexxen International from $10.00 to $11.00 and gave the company a “sector outperform” rating in a report on Wednesday, June 17th. Needham & Company LLC raised their price objective on shares of 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 research report on Saturday, May 23rd. BTIG Research upped their target price on Nexxen International from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $16.00 target price on shares of Nexxen International in a research note on Wednesday, June 17th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $11.17.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System purchased a new position in Nexxen International in the 2nd quarter valued at about $25,000. Quantbot Technologies LP purchased a new stake in shares of Nexxen International during the third quarter worth about $43,000. Jump Financial LLC acquired a new position in shares of Nexxen International in the fourth quarter valued at approximately $95,000. New York State Common Retirement Fund acquired a new position in shares of Nexxen International in the second quarter valued at approximately $124,000. Finally, Legato Capital Management LLC raised its position in shares of Nexxen International by 23.8% in the fourth quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock valued at $164,000 after buying an additional 4,815 shares during the last quarter. Institutional investors and hedge funds 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.