Insider Selling: Nexxen International (NASDAQ:NEXN) CFO Sells $56,450.79 in Stock

by · The Markets Daily

Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN – Get Free Report) CFO Sagi Niri sold 6,183 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $9.13, for a total transaction of $56,450.79. Following the completion of the sale, the chief financial officer directly owned 381,856 shares in the company, valued at $3,486,345.28. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Monday, June 29th, Sagi Niri sold 68,886 shares of Nexxen International stock. The shares were sold at an average price of $9.08, for a total transaction of $625,484.88.
  • On Wednesday, June 17th, Sagi Niri sold 2,098 shares of Nexxen International stock. The stock was sold at an average price of $8.78, for a total transaction of $18,420.44.
  • On Tuesday, June 16th, Sagi Niri sold 34,667 shares of Nexxen International stock. The stock was sold at an average price of $8.78, for a total transaction of $304,376.26.
  • On Monday, June 15th, Sagi Niri sold 1,160 shares of Nexxen International stock. The stock was sold at an average price of $8.71, for a total transaction of $10,103.60.
  • On Friday, June 12th, Sagi Niri sold 200 shares of Nexxen International stock. The shares were sold at an average price of $8.70, for a total transaction of $1,740.00.
  • On Wednesday, June 10th, Sagi Niri sold 5,922 shares of Nexxen International stock. The shares were sold at an average price of $8.74, for a total transaction of $51,758.28.
  • On Thursday, June 4th, Sagi Niri sold 13,164 shares of Nexxen International stock. The stock was sold at an average price of $8.54, for a total transaction of $112,420.56.
  • On Wednesday, June 3rd, Sagi Niri sold 1,027 shares of Nexxen International stock. The stock was sold at an average price of $8.58, for a total transaction of $8,811.66.
  • On Tuesday, June 2nd, Sagi Niri sold 18,660 shares of Nexxen International stock. The stock was 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 shares were sold at an average price of $8.63, for a total value of $291,322.91.

Nexxen International Stock Performance

NASDAQ NEXN opened at $9.55 on Friday. The stock’s 50-day simple moving average is $8.27 and its two-hundred day simple moving average is $7.14. Nexxen International Ltd. Sponsored ADR has a twelve month low of $5.60 and a twelve month high of $11.59. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $537.47 million, a price-to-earnings ratio of 31.83 and a beta of 1.62.

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 (EPS) for the quarter. Nexxen International had a return on equity of 7.78% and a net margin of 4.85%.The firm had revenue of $86.84 million during the quarter. Research analysts forecast that Nexxen International Ltd. Sponsored ADR will post 0.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NEXN has been the subject of several research reports. Wall Street Zen raised Nexxen International from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Rosenblatt Securities reiterated a “buy” rating and set a $16.00 price target on shares of Nexxen International in a research report on Wednesday, June 17th. Needham & Company LLC lifted their price target on shares of Nexxen International from $8.50 to $10.50 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. BTIG Research boosted their price objective on shares of Nexxen International from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Finally, Scotiabank upped their price objective on shares of Nexxen International from $10.00 to $11.00 and gave the company a “sector outperform” rating in a research note on Wednesday, June 17th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.17.

Get Our Latest Analysis on NEXN

Institutional Investors Weigh In On Nexxen International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System purchased a new stake in Nexxen International during the 2nd quarter valued at about $25,000. Quantbot Technologies LP purchased a new position in Nexxen International in the 3rd quarter worth approximately $43,000. Legato Capital Management LLC increased its stake in 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 purchasing an additional 4,815 shares during the period. New York State Common Retirement Fund bought a new stake in Nexxen International in the second quarter valued at approximately $124,000. Finally, Jump Financial LLC bought a new stake in Nexxen International in the fourth quarter valued at approximately $95,000. Institutional investors own 54.24% of the company’s stock.

About Nexxen International

(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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