Key Points
- Nexxen CFO Sagi Niri sold 1,486 shares on May 29 at an average price of $8.50, totaling about $12,631. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced his stake by 0.26%.
- NEXN stock was trading up 3.6% and opened at $8.70, with the company carrying a market cap of about $489.6 million. Shares have traded between a 52-week low of $5.60 and high of $11.74.
- Analysts remain mostly positive on Nexxen International, with seven Buy ratings and two Hold ratings. The consensus price target is $10.69, above the current share price.
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 that occurred on 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 owned 567,580 shares of the company's stock, valued at $4,824,430. The trade was a 0.26% 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.
Nexxen International Trading Up 3.6%
NEXN stock opened at $8.70 on Tuesday. Nexxen International Ltd. Sponsored ADR has a 1-year low of $5.60 and a 1-year high of $11.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $489.64 million, a price-to-earnings ratio of 29.00 and a beta of 1.64. The business has a 50 day simple moving average of $7.38 and a two-hundred day simple moving average of $6.78.
Nexxen International (NASDAQ:NEXN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 1st. The company reported $0.06 earnings per share for the quarter. The business 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%. Research analysts anticipate that Nexxen International Ltd. Sponsored ADR will post 0.75 EPS for the current fiscal year.
Institutional Trading of Nexxen International
Several hedge funds and other institutional investors have recently bought and sold shares of NEXN. Geode Capital Management LLC raised its holdings in Nexxen International by 1,062.0% during the 2nd quarter. Geode Capital Management LLC now owns 509,808 shares of the company's stock valued at $5,307,000 after buying an additional 465,936 shares during the period. Rhumbline Advisers raised its holdings in Nexxen International by 1,244.5% during the 2nd quarter. Rhumbline Advisers now owns 59,926 shares of the company's stock valued at $624,000 after buying an additional 55,469 shares during the period. New York State Common Retirement Fund purchased a new stake in Nexxen International during the 2nd quarter valued at $124,000. California State Teachers Retirement System purchased a new stake in Nexxen International during the 2nd quarter valued at $25,000. Finally, BNP Paribas Financial Markets raised its holdings in Nexxen International by 354.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 122,106 shares of the company's stock valued at $1,271,000 after buying an additional 95,219 shares during the period. Hedge funds and other institutional investors own 54.24% of the company's stock.
Analysts Set New Price Targets
NEXN has been the subject of a number of research reports. Needham & Company LLC increased their target price on Nexxen International from $7.50 to $8.50 and gave the company a "buy" rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded Nexxen International from a "hold" rating to a "buy" rating in a research report on Saturday, May 23rd. BTIG Research lowered their target price on Nexxen International from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Thursday, March 19th. Royal Bank Of Canada increased 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. Finally, Scotiabank lowered their target price on Nexxen International from $12.00 to $10.00 and set a "sector outperform" rating for the company in a research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.69.
Read Our Latest Research Report on Nexxen International
About Nexxen International
(
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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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