Sagi Niri Sells 18,660 Shares of Nexxen International (NASDAQ:NEXN) Stock

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXNGet Free Report) CFO Sagi Niri sold 18,660 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $8.52, for a total value of $158,983.20. Following the completion of the sale, the chief financial officer owned 514,136 shares of the company’s stock, valued at $4,380,438.72. This trade represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Wednesday, June 3rd, Sagi Niri sold 1,027 shares of Nexxen International stock. The shares were sold at an average price of $8.58, for a total value of $8,811.66.
  • On Monday, June 1st, Sagi Niri sold 33,757 shares of Nexxen International stock. The shares were 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 transaction of $12,631.00.

Nexxen International Trading Down 0.4%

NEXN opened at $8.53 on Friday. The stock has a market capitalization of $480.07 million, a P/E ratio of 28.43 and a beta of 1.64. The firm’s fifty day simple moving average is $7.53 and its 200 day simple moving average is $6.82. 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.

Nexxen International (NASDAQ:NEXNGet Free Report) last posted its quarterly earnings data 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. As a group, research analysts anticipate that Nexxen International Ltd. Sponsored ADR will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Nexxen International

Hedge funds have recently modified their holdings of the business. California State Teachers Retirement System acquired a new position in Nexxen International during the 2nd quarter worth about $25,000. Navellier & Associates Inc. boosted its position in shares of Nexxen International by 4.0% during the 3rd quarter. Navellier & Associates Inc. now owns 110,156 shares of the company’s stock worth $1,019,000 after purchasing an additional 4,200 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Nexxen International in the 3rd quarter worth $43,000. Legato Capital Management LLC grew its holdings in shares of 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 buying an additional 4,815 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new stake in Nexxen International during the 2nd quarter worth approximately $124,000. Institutional investors and hedge funds own 54.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Scotiabank cut their price objective 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. Royal Bank Of Canada boosted their price objective on Nexxen International from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Wall Street Zen raised shares of Nexxen International from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Rosenblatt Securities lifted their price objective on Nexxen International from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Finally, BTIG Research dropped their target price on shares of Nexxen International from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.69.

Get Our Latest Analysis 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.

Further Reading

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