Insider Selling: Nayax (NASDAQ:NYAX) President Sells $323,100.00 in Stock

Nayax Ltd. (NASDAQ:NYAX) President Keren Sharir sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $71.80, for a total transaction of $323,100.00. Following the transaction, the president owned 26,876 shares of the company’s stock, valued at approximately $1,929,696.80. The trade was a 14.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Nayax Stock Up 2.3%

Nayax stock opened at $75.81 on Friday. The firm has a 50 day moving average price of $64.23 and a two-hundred day moving average price of $56.15. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 95.96 and a beta of 0.39. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. Nayax Ltd. has a 52-week low of $39.17 and a 52-week high of $76.86.

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

Institutional Trading of Nayax

Several institutional investors have recently made changes to their positions in the company. Y.D. More Investments Ltd grew its stake in shares of Nayax by 3.1% in the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after acquiring an additional 25,694 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Nayax by 4,022.5% in the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after acquiring an additional 535,476 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Nayax by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after acquiring an additional 89,886 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Nayax by 36.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after acquiring an additional 72,357 shares in the last quarter. Finally, AltraVue Capital LLC bought a new stake in shares of Nayax in the 4th quarter worth $11,623,000. Institutional investors own 34.87% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on NYAX shares. UBS Group boosted their price target on shares of Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Zacks Research lowered shares of Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. William Blair restated an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Jefferies Financial Group restated a “buy” rating and set a $79.80 price target on shares of Nayax in a research note on Thursday, May 14th. Finally, Wall Street Zen lowered shares of Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $77.20.

Nayax Company Profile

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.