David Ben-Avi Sells 13,596 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) insider David Ben-Avi sold 13,596 shares of Nayax stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $74.93, for a total transaction of $1,018,748.28. Following the completion of the sale, the insider owned 6,604,308 shares of the company’s stock, valued at approximately $494,860,798.44. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

David Ben-Avi also recently made the following trade(s):

• On Friday, May 29th, David Ben-Avi sold 16,590 shares of Nayax stock. The shares were sold at an average price of $76.48, for a total transaction of $1,268,803.20.

Nayax Stock Down 6.6%

Shares of NYAX opened at $68.80 on Wednesday. Nayax Ltd. has a one year low of $39.17 and a one year high of $76.86. The company has a market cap of $2.52 billion, a P/E ratio of 87.09 and a beta of 0.41. 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 firm has a 50 day simple moving average of $64.49 and a two-hundred day simple moving average of $56.50.

Nayax (NASDAQ:NYAX) last announced 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). The firm had revenue of $106.86 million for the quarter, compared to analyst estimates of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. Research analysts forecast that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

A number of institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew 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 period. Osaic Holdings Inc. bought a new position in shares of Nayax during the 2nd quarter valued at approximately $33,000. Bank of America Corp DE grew its position in shares of Nayax by 920.4% during the 4th 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 during the period. Smartleaf Asset Management LLC bought a new position in shares of Nayax during the 4th quarter valued at approximately $69,000. Finally, Alliancebernstein L.P. bought a new position in shares of Nayax during the 3rd quarter valued at approximately $128,000. 34.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NYAX has been the topic of several recent analyst reports. Zacks Research lowered shares of Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Wall Street Zen lowered shares of Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Oppenheimer upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a report on Wednesday, May 27th. Keefe, Bruyette & Woods boosted their target price on shares of Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Finally, UBS Group boosted their target price on shares of Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.