Key Points
- Nexxen International CFO Sagi Niri sold 33,757 shares on June 1 at an average price of $8.63, totaling about $291,323. The transaction was made under a pre-arranged Rule 10b5-1 trading plan.
- After the sale, Niri still held 533,823 shares valued at about $4.61 million, and the trade reduced his position by 5.95%. He also sold 1,486 shares on May 29 at an average price of $8.50.
- NEXN shares were down 3.7% to $8.23, while Wall Street maintains a Moderate Buy view with an average target price of $10.69. Seven analysts rate the stock Buy and two rate it Hold.
Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN - Get Free Report) CFO Sagi Niri sold 33,757 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was 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. This trade represents a 5.95% decrease in their position. The sale 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.
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 transaction of $12,631.00.
Nexxen International Stock Down 3.7%
Shares of NEXN stock opened at $8.23 on Thursday. 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 Ltd. Sponsored ADR has a 12 month low of $5.60 and a 12 month high of $11.59. The stock has a market cap of $463.18 million, a P/E ratio of 27.43 and a beta of 1.64. The company has a 50 day simple moving average of $7.45 and a two-hundred day simple moving average of $6.79.
Nexxen International (NASDAQ:NEXN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 1st. The company reported $0.06 earnings per share for the quarter. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%. The business had revenue of $86.84 million for the quarter. On average, research analysts expect that Nexxen International Ltd. Sponsored ADR will post 0.73 earnings per share for the current year.
Wall Street Analyst Weigh In
NEXN has been the subject of several recent research reports. Canaccord Genuity Group cut their price target on Nexxen International from $12.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, March 5th. Needham & Company LLC raised their target price on shares of Nexxen International from $7.50 to $8.50 and gave the stock a "buy" rating in a research note on Wednesday, May 13th. BTIG Research dropped their price target 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. Rosenblatt Securities lifted their target price on shares of Nexxen International from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Finally, Scotiabank decreased their price target on Nexxen International from $12.00 to $10.00 and set a "sector outperform" rating on the stock in a report on Thursday, March 5th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $10.69.
View Our Latest Report on Nexxen International
Institutional Investors Weigh In On Nexxen International
Several large investors have recently added to or reduced their stakes in NEXN. Jump Financial LLC bought a new position in Nexxen International in the 4th quarter worth about $95,000. Public Employees Retirement System of Ohio raised its position in shares of Nexxen International by 328.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 74,102 shares of the company's stock worth $485,000 after acquiring an additional 56,808 shares in the last quarter. Legato Capital Management LLC lifted its stake in shares of Nexxen International by 23.8% during the 4th quarter. Legato Capital Management LLC now owns 25,028 shares of the company's stock worth $164,000 after purchasing an additional 4,815 shares during the last quarter. Rock Point Advisors LLC boosted its position in Nexxen International by 42.5% during the fourth quarter. Rock Point Advisors LLC now owns 950,517 shares of the company's stock valued at $6,216,000 after purchasing an additional 283,295 shares in the last quarter. Finally, Strs Ohio grew its stake in Nexxen International by 35.7% in the fourth quarter. Strs Ohio now owns 83,300 shares of the company's stock valued at $545,000 after purchasing an additional 21,900 shares during the last quarter. 54.24% of the stock is owned by hedge funds and other institutional investors.
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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