Nine director Longstaff doubles indirect stake in on-market share purchase

Nine Entertainment Co. Holdings Limited ( (AU:NEC) ) just unveiled an update.

Nine Entertainment Co. has disclosed a change in director Timothy Longstaff’s indirect shareholding, following an on-market purchase of additional company stock. The filing, made to comply with ASX director interest rules, outlines that the transaction was undertaken through a superannuation fund structure in which Longstaff is a beneficiary.

Longstaff’s fund, with Citicorp Nominees Pty Ltd as registered holder, acquired 53,000 Nine ordinary shares on 9 March 2026 for $49,588.18, increasing his indirect holding from 47,250 to 100,250 shares. The company noted the trade was executed on-market, did not involve any concurrent contractual interests, and did not occur during a closed trading period, indicating routine portfolio adjustment rather than a special corporate event.

The most recent analyst rating on (AU:NEC) stock is a Buy with a A$1.40 price target. To see the full list of analyst forecasts on Nine Entertainment Co. Holdings Limited stock, see the AU:NEC Stock Forecast page.

More about Nine Entertainment Co. Holdings Limited

Nine Entertainment Co. Holdings Limited is an Australian media and entertainment company operating across television broadcasting, streaming, digital publishing and related media services. The group focuses on mass-market audiences through free-to-air TV, subscription platforms and associated digital properties in the Australian market.

Average Trading Volume: 4,328,632

Technical Sentiment Signal: Sell

Current Market Cap: A$1.48B

For a thorough assessment of NEC stock, go to TipRanks’ Stock Analysis page.