Nayax (NASDAQ:NYAX) CFO Sells $13,666.04 in Stock

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 214 shares of Nayax stock in a transaction on Monday, June 29th. The shares were sold at an average price of $63.86, for a total transaction of $13,666.04. Following the completion of the transaction, the chief financial officer directly owned 46,490 shares of the company’s stock, valued at $2,968,851.40. The trade was a 0.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sagit Manor also recently made the following trade(s):

• On Wednesday, July 1st, Sagit Manor sold 1,252 shares of Nayax stock. The stock was sold at an average price of $66.74, for a total transaction of $83,558.48.
• On Friday, June 26th, Sagit Manor sold 79 shares of Nayax stock. The stock was sold at an average price of $64.02, for a total transaction of $5,057.58.
• On Thursday, June 4th, Sagit Manor sold 489 shares of Nayax stock. The shares were sold at an average price of $68.06, for a total value of $33,281.34.
• On Monday, May 18th, Sagit Manor sold 251 shares of Nayax stock. The shares were sold at an average price of $64.58, for a total value of $16,209.58.
• On Wednesday, April 22nd, Sagit Manor sold 1,754 shares of Nayax stock. The shares were sold at an average price of $63.94, for a total value of $112,150.76.

Nayax Stock Performance

NASDAQ NYAX opened at $70.22 on Friday. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 88.89 and a beta of 0.47. Nayax Ltd. has a twelve month low of $39.17 and a twelve month high of $76.86. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average of $67.74 and a 200 day moving average of $59.99.

Nayax (NASDAQ:NYAX) last issued 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 business had revenue of $106.86 million during the quarter, compared to analyst estimates of $105.64 million. Sell-side analysts anticipate that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NYAX. Zacks Research cut shares of Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. UBS Group upped 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. Oppenheimer raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Wednesday, May 27th. Wall Street Zen lowered shares of Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $78.95.

Institutional Trading of Nayax

A number of institutional investors have recently made changes to their positions in NYAX. Public Employees Retirement System of Ohio raised its position in shares of Nayax by 9.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock valued at $197,000 after buying an additional 330 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Nayax by 210.5% in the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after buying an additional 400 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Nayax by 8.0% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock worth $407,000 after acquiring an additional 594 shares during the last quarter. Osaic Holdings Inc. purchased a new stake in Nayax during the 2nd quarter valued at about $33,000. Finally, Geode Capital Management LLC grew its stake in Nayax by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock valued at $1,825,000 after acquiring an additional 715 shares in the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

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.