Michal Sever Sells 5,000 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) CMO Michal Sever sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $64.32, for a total value of $321,600.00. Following the completion of the sale, the chief marketing officer owned 17,306 shares in the company, valued at $1,113,121.92. This represents a 22.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Nayax Price Performance

NASDAQ:NYAX opened at $63.39 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average price is $62.05 and its two-hundred day moving average price is $54.30. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 80.24 and a beta of 0.39. Nayax Ltd. has a 12-month low of $38.50 and a 12-month high of $74.83.

Nayax (NASDAQ:NYAX) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.05). The business 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%. On average, analysts anticipate that Nayax Ltd. will post 0.73 earnings per share for the current year.

Analyst Ratings Changes

NYAX has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research note on Thursday, January 22nd. Jefferies Financial Group restated a “buy” rating and issued a $79.80 price objective on shares of Nayax in a research note on Thursday. Wall Street Zen lowered Nayax from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Research lowered Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Finally, William Blair reiterated an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.27.

Institutional Investors Weigh In On Nayax

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its position in Nayax by 210.5% during 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. Osaic Holdings Inc. acquired a new stake in Nayax during the second quarter worth approximately $33,000. Bank of America Corp DE grew its position in Nayax by 254.9% during the third quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock worth $63,000 after buying an additional 956 shares in the last quarter. Smartleaf Asset Management LLC acquired a new stake in Nayax during the fourth quarter worth approximately $69,000. Finally, Alliancebernstein L.P. acquired a new stake in Nayax during the third quarter worth approximately $128,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.