Nayax (NASDAQ:NYAX) Insider Sells $32,256.40 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider Aaron Samuel Greenberg sold 440 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $73.31, for a total value of $32,256.40. Following the transaction, the insider owned 25,915 shares of the company’s stock, valued at approximately $1,899,828.65. This represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Aaron Samuel Greenberg also recently made the following trade(s):

• On Monday, May 4th, Aaron Samuel Greenberg sold 276 shares of Nayax stock. The stock was sold at an average price of $70.43, for a total value of $19,438.68.
• On Wednesday, April 22nd, Aaron Samuel Greenberg sold 1,002 shares of Nayax stock. The stock was sold at an average price of $63.94, for a total value of $64,067.88.

Nayax Stock Performance

Shares of NASDAQ NYAX traded down $5.15 during midday trading on Tuesday, hitting $68.48. 26,561 shares of the company’s stock were exchanged, compared to its average volume of 36,825. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88. The stock’s 50 day moving average price is $64.49 and its 200-day moving average price is $56.50. The firm has a market cap of $2.51 billion, a P/E ratio of 86.68 and a beta of 0.41. Nayax Ltd. has a twelve month low of $39.17 and a twelve month high of $76.86.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.05). The business had revenue of $106.86 million for the quarter, compared to analyst estimates of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. Equities research analysts anticipate that Nayax Ltd. will post 0.73 EPS for the current year.

Institutional Investors Weigh In On Nayax

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its position in shares of Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the last quarter. Osaic Holdings Inc. acquired a new stake in shares of Nayax during the 2nd quarter valued at $33,000. Bank of America Corp DE lifted its position in shares of Nayax by 254.9% during the 3rd quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock valued at $63,000 after acquiring an additional 956 shares during the last quarter. Smartleaf Asset Management LLC acquired a new stake in shares of Nayax during the 4th quarter valued at $69,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of Nayax during the 3rd quarter valued at $128,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NYAX shares. Jefferies Financial Group restated a “buy” rating and issued a $79.80 target price on shares of Nayax in a research report on Thursday, May 14th. Oppenheimer upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research report on Wednesday, May 27th. Keefe, Bruyette & Woods upped their target price on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. UBS Group upped their target price on Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Zacks Research downgraded Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $77.20.

About Nayax

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.