Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN – Get Free Report) CFO Sagi Niri sold 33,757 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $8.63, for a total transaction of $291,322.91. Following the completion of the transaction, the chief financial officer owned 533,823 shares in the company, valued at $4,606,892.49. The trade was a 5.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 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 Trading Down 3.7%
Shares of NEXN traded down $0.32 during trading hours on Wednesday, reaching $8.23. 60,352 shares of the company traded hands, compared to its average volume of 334,377. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.04. Nexxen International Ltd. Sponsored ADR has a 12 month low of $5.60 and a 12 month high of $11.59. The company’s fifty day moving average price is $7.38 and its two-hundred day moving average price is $6.78. The company has a market capitalization of $463.18 million, a price-to-earnings ratio of 27.43 and a beta of 1.64.
Institutional Investors Weigh In On Nexxen International
Institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System bought a new position in shares of Nexxen International during the 2nd quarter valued at approximately $25,000. Navellier & Associates Inc. lifted 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 last quarter. Quantbot Technologies LP purchased a new position in shares of Nexxen International in the 3rd quarter worth $43,000. Legato Capital Management LLC increased its holdings in shares of Nexxen International by 23.8% in the 4th quarter. Legato Capital Management LLC now owns 25,028 shares of the company’s stock worth $164,000 after buying an additional 4,815 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in shares of Nexxen International during the 2nd quarter valued at about $124,000. Hedge funds and other institutional investors own 54.24% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on NEXN shares. BTIG Research dropped their price target on shares of Nexxen International from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Scotiabank reduced their target price on Nexxen International from $12.00 to $10.00 and set a “sector outperform” rating for the company in a report on Thursday, March 5th. Needham & Company LLC lifted their price objective on Nexxen International from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded shares of Nexxen International from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Finally, Rosenblatt Securities raised their target price on shares of Nexxen International from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.69.
Read Our Latest Research Report on NEXN
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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