Nayax (NASDAQ:NYAX) Insider David Ben-Avi Sells 16,590 Shares

Nayax Ltd. (NASDAQ:NYAX) insider David Ben-Avi sold 16,590 shares of Nayax stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $76.48, for a total transaction of $1,268,803.20. Following the transaction, the insider owned 6,587,718 shares of the company’s stock, valued at $503,828,672.64. This represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, May 28th, David Ben-Avi sold 13,596 shares of Nayax stock. The shares were sold at an average price of $74.93, for a total value of $1,018,748.28.

Nayax Stock Down 3.2%

Shares of NASDAQ:NYAX traded down $2.40 during mid-day trading on Monday, hitting $73.41. 17,735 shares of the company traded hands, compared to its average volume of 20,609. The stock has a market cap of $2.69 billion, a P/E ratio of 92.92 and a beta of 0.41. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. Nayax Ltd. has a 12-month low of $39.17 and a 12-month high of $76.86. The stock has a 50-day moving average price of $64.23 and a two-hundred day moving average price of $56.26.

Nayax (NASDAQ:NYAX) last announced its earnings results 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 company had revenue of $106.86 million for the quarter, compared to analysts’ expectations of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. On average, equities research analysts forecast that Nayax Ltd. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NYAX. 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 report on Wednesday, May 13th. Jefferies Financial Group reissued a “buy” rating and issued a $79.80 price objective on shares of Nayax in a research report on Thursday, May 14th. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research report on Wednesday. Finally, 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 research note on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $77.20.

Institutional Inflows and Outflows

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