Nayax (NASDAQ:NYAX) Insider Eden Zafrani Sells 500 Shares

Nayax Ltd. (NASDAQ:NYAX) insider Eden Zafrani sold 500 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $64.89, for a total transaction of $32,445.00. Following the completion of the sale, the insider owned 14,869 shares of the company’s stock, valued at approximately $964,849.41. This represents a 3.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nayax Stock Up 3.4%

Nayax stock opened at $67.76 on Thursday. 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 firm’s 50-day simple moving average is $67.62 and its 200 day simple moving average is $59.82. The stock has a market cap of $2.48 billion, a PE ratio of 85.77 and a beta of 0.41.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05). Nayax had a net margin of 6.95% and a return on equity of 14.09%. The firm had revenue of $106.86 million during the quarter, compared to analysts’ expectations of $105.64 million. Research analysts predict that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Nayax

Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its holdings in 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 buying an additional 400 shares in the last quarter. Osaic Holdings Inc. bought a new position in shares of Nayax in the second quarter valued at approximately $33,000. Bank of America Corp DE grew its stake in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after acquiring an additional 1,353 shares in the last quarter. Smartleaf Asset Management LLC purchased a new position in Nayax during the fourth quarter valued at approximately $69,000. Finally, Alliancebernstein L.P. bought a new stake in Nayax during the 3rd quarter worth approximately $128,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Nayax

Here are the key news stories impacting Nayax this week:

• Positive Sentiment: UBS recently raised its price target on Nayax and Oppenheimer upgraded the stock to outperform, which may help support investor confidence in the name.
• Neutral Sentiment: Several insiders, including the CEO, CFO, CMO, and other executives, sold small blocks of shares over the past few days, but the filings say the sales were made to cover tax withholding obligations tied to vested equity awards. CEO Filing CFO Filing CMO Filing
• Neutral Sentiment: Most of the sales were very small relative to each executive’s holdings, which makes them more consistent with routine portfolio administration than a major shift in insider sentiment.
• Negative Sentiment: The repeat insider selling may still create some short-term pressure on NYAX shares if investors interpret it as limited near-term conviction, especially after the stock’s strong recent run.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NYAX shares. Wall Street Zen cut Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Jefferies Financial Group reissued a “buy” rating and issued a $79.80 price target on shares of Nayax in a report on Thursday, May 14th. William Blair restated an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Finally, UBS Group lifted their price objective on shares of Nayax from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. 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 company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $78.95.

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.