Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN – Get Free Report) CFO Sagi Niri sold 3,655 shares of the stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $9.73, for a total transaction of $35,563.15. Following the completion of the sale, the chief financial officer directly owned 328,176 shares in the company, valued at $3,193,152.48. This trade represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sagi Niri also recently made the following trade(s):
- On Monday, July 6th, Sagi Niri sold 199 shares of Nexxen International stock. The shares were sold at an average price of $9.54, for a total value of $1,898.46.
- On Thursday, July 2nd, Sagi Niri sold 49,826 shares of Nexxen International stock. The shares were sold at an average price of $9.54, for a total value of $475,340.04.
- On Tuesday, June 30th, Sagi Niri sold 6,183 shares of Nexxen International stock. The stock was sold at an average price of $9.13, for a total value of $56,450.79.
- 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 value 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 value 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 value 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 shares were 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 stock was sold at an average price of $8.54, for a total value of $112,420.56.
Nexxen International Stock Up 3.1%
Shares of NEXN opened at $10.23 on Thursday. The firm has a market capitalization of $575.74 million, a P/E ratio of 34.10 and a beta of 1.62. Nexxen International Ltd. Sponsored ADR has a 12-month low of $5.60 and a 12-month high of $11.59. 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 firm has a fifty day moving average price of $8.63 and a 200-day moving average price of $7.31.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on NEXN shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $16.00 target price on shares of Nexxen International in a research report 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. Needham & Company LLC increased their price objective on Nexxen International from $8.50 to $10.50 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Raymond James Financial raised their price objective on Nexxen International from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Finally, Royal Bank Of Canada lifted their target price on Nexxen International from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.61.
Get Our Latest Stock Report on Nexxen International
Institutional Investors Weigh In On Nexxen International
Several large investors have recently modified their holdings of NEXN. California State Teachers Retirement System purchased a new stake in shares of Nexxen International in the 2nd quarter worth approximately $25,000. Quantbot Technologies LP purchased a new position in Nexxen International during the third quarter valued at approximately $43,000. Jump Financial LLC purchased a new position in Nexxen International during the fourth quarter valued at approximately $95,000. New York State Common Retirement Fund purchased a new position in Nexxen International during the second quarter valued at approximately $124,000. Finally, GAMMA Investing LLC raised its stake in Nexxen International by 69.5% in the second quarter. GAMMA Investing LLC now owns 16,496 shares of the company’s stock worth $149,000 after buying an additional 6,764 shares in the last quarter. Institutional investors 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.
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