Insider Selling: Nayax (NASDAQ:NYAX) Insider Sells $20,826.36 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider Aaron Samuel Greenberg sold 306 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $68.06, for a total value of $20,826.36. Following the completion of the transaction, the insider directly owned 25,609 shares in the company, valued at $1,742,948.54. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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, June 1st, Aaron Samuel Greenberg sold 440 shares of Nayax stock. The shares were sold at an average price of $73.31, for a total value of $32,256.40.
• On Monday, May 4th, Aaron Samuel Greenberg sold 276 shares of Nayax stock. The shares were 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 Down 0.8%

NYAX stock opened at $63.73 on Thursday. The stock’s 50 day simple moving average is $65.89 and its 200 day simple moving average is $57.70. Nayax Ltd. has a fifty-two week low of $39.17 and a fifty-two week high of $76.86. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. The company has a market cap of $2.33 billion, a P/E ratio of 80.67 and a beta of 0.41.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. William Blair reissued an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Wednesday, May 27th. UBS Group increased their price objective on Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Zacks Research downgraded Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods increased their price objective on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Nayax has a consensus rating of “Hold” and an average target price of $77.20.

Hedge Funds Weigh In On Nayax

Several institutional investors have recently modified their holdings of the business. Y.D. More Investments Ltd grew its holdings in shares of Nayax by 3.1% in the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after acquiring an additional 25,694 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Nayax by 4,022.5% in the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after acquiring an additional 535,476 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Nayax by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after acquiring an additional 89,886 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Nayax by 36.4% in the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock valued at $15,195,000 after acquiring an additional 72,357 shares in the last quarter. Finally, AltraVue Capital LLC bought a new position in shares of Nayax in the fourth quarter valued at approximately $11,623,000. 34.87% of the stock is owned by institutional investors.

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.