Sagi Niri Sells 1,486 Shares of Nexxen International (NASDAQ:NEXN) Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXNGet 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:NEXNGet 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System purchased a new stake in Nexxen International during the second quarter valued at approximately $25,000. Navellier & Associates Inc. raised its position in Nexxen International by 4.0% during the third quarter. Navellier & Associates Inc. now owns 110,156 shares of the company’s stock valued at $1,019,000 after purchasing an additional 4,200 shares during the period. Quantbot Technologies LP purchased a new stake in Nexxen International during the third quarter valued at approximately $43,000. Legato Capital Management LLC raised its position in Nexxen International by 23.8% during the fourth quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock valued at $164,000 after purchasing an additional 4,815 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Nexxen International during the third quarter valued at approximately $102,000. 54.24% of the stock is currently owned by hedge funds and other institutional investors.

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

(Get Free Report)

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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