Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN – Get Free Report) CFO Sagi Niri sold 1,486 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $8.50, for a total value of $12,631.00. Following the completion of the transaction, the chief financial officer directly owned 567,580 shares of the company’s stock, valued at approximately $4,824,430. This trade represents a 0.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nexxen International Stock Performance
NASDAQ NEXN opened at $8.55 on Wednesday. The firm has a market cap of $481.19 million, a price-to-earnings ratio of 28.50 and a beta of 1.64. 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 business has a 50-day moving average price of $7.38 and a 200-day moving average price of $6.78. Nexxen International Ltd. Sponsored ADR has a twelve month low of $5.60 and a twelve month high of $11.74.
Nexxen International (NASDAQ:NEXN – Get Free Report) last released its quarterly earnings data on Wednesday, April 1st. The company reported $0.06 earnings per share for the quarter. The firm 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%. As a group, equities research analysts predict that Nexxen International Ltd. Sponsored ADR will post 0.75 EPS for the current fiscal year.
Institutional Investors Weigh In On Nexxen International
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Royal Bank Of Canada boosted their target price on Nexxen International from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded Nexxen International from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Rosenblatt Securities boosted their target price on Nexxen International from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Canaccord Genuity Group decreased their target price on Nexxen International from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Finally, BTIG Research decreased their target price on Nexxen International from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.69.
View Our Latest Research Report on Nexxen International
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.
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