Key Points
- Nexxen International CFO Sagi Niri sold 13,164 shares on June 4 at an average price of $8.54, worth about $112,421. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and Niri still held 500,972 shares afterward.
- Niri has been selling shares repeatedly in recent days, including larger transactions on June 1 and June 2. The recent activity suggests a steady reduction in the CFO’s stake rather than a one-off trade.
- Analysts remain cautiously positive on NEXN, with seven Buy ratings and two Hold ratings, and a consensus price target of $10.69. The stock was trading around $8.44, below that target, while the company reported $0.06 quarterly EPS and $86.84 million in revenue.
Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN - Get Free Report) CFO Sagi Niri sold 13,164 shares of the firm's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $8.54, for a total value of $112,420.56. Following the sale, the chief financial officer directly owned 500,972 shares in the company, valued at $4,278,300.88. This trade represents a 2.56% decrease in their position. The sale was disclosed in a filing with the SEC, 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 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 Tuesday, June 2nd, Sagi Niri sold 18,660 shares of Nexxen International stock. The shares were sold at an average price of $8.52, for a total transaction of $158,983.20.
- On Monday, June 1st, Sagi Niri sold 33,757 shares of Nexxen International stock. The stock was sold at an average price of $8.63, for a total transaction of $291,322.91.
- On Friday, May 29th, Sagi Niri sold 1,486 shares of Nexxen International stock. The stock was sold at an average price of $8.50, for a total transaction of $12,631.00.
Nexxen International Trading Down 1.1%
Shares of Nexxen International stock opened at $8.44 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $7.57 and a 200-day simple moving average of $6.84. The stock has a market cap of $475.00 million, a price-to-earnings ratio of 28.13 and a beta of 1.64. Nexxen International Ltd. Sponsored ADR has a 12-month low of $5.60 and a 12-month high of $11.59.
Nexxen International (NASDAQ:NEXN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.06 EPS for the quarter. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%. The firm had revenue of $86.84 million for the quarter. On average, equities analysts forecast that Nexxen International Ltd. Sponsored ADR will post 0.73 EPS for the current fiscal year.
Institutional Investors Weigh In On Nexxen International
Several institutional investors have recently made changes to their positions in NEXN. ARK Investment Management LLC purchased a new position in shares of Nexxen International in the 3rd quarter valued at about $1,798,000. Rock Point Advisors LLC boosted its holdings in Nexxen International by 42.5% during the fourth quarter. Rock Point Advisors LLC now owns 950,517 shares of the company's stock worth $6,216,000 after buying an additional 283,295 shares in the last quarter. Strs Ohio grew its position in Nexxen International by 35.7% during the fourth quarter. Strs Ohio now owns 83,300 shares of the company's stock worth $545,000 after buying an additional 21,900 shares during the period. Legato Capital Management LLC grew 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 worth $164,000 after buying an additional 4,815 shares during the period. Finally, FourThought Financial Partners LLC purchased a new position in Nexxen International in the third quarter valued at about $168,000. 54.24% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
NEXN has been the topic of a number of research reports. Wall Street Zen upgraded Nexxen International from a "hold" rating to a "buy" rating in a research note on Saturday, May 23rd. Rosenblatt Securities boosted their price objective on Nexxen International from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Scotiabank decreased 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. BTIG Research cut their target price on shares of Nexxen International from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Thursday, March 19th. Finally, Needham & Company LLC upped their price target on shares of Nexxen International from $7.50 to $8.50 and gave the company a "buy" rating in a research report on Wednesday, May 13th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Nexxen International has an average rating of "Moderate Buy" and a consensus price target of $10.69.
View Our Latest Stock Report on NEXN
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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