Oren Tepper Sells 1,052 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) insider Oren Tepper sold 1,052 shares of Nayax stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $73.31, for a total value of $77,122.12. Following the completion of the transaction, the insider directly owned 19,392 shares of the company’s stock, valued at approximately $1,421,627.52. This represents a 5.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nayax Stock Performance

NASDAQ:NYAX traded down $5.15 during mid-day trading on Tuesday, reaching $68.48. The company’s stock had a trading volume of 26,561 shares, compared to its average volume of 36,825. Nayax Ltd. has a 12-month low of $39.17 and a 12-month high of $76.86. The firm’s fifty day moving average price is $64.49 and its two-hundred day moving average price is $56.50. 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 market cap of $2.51 billion, a P/E ratio of 86.68 and a beta of 0.41.

Nayax (NASDAQ:NYAX) last issued its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). Nayax had a return on equity of 14.09% and a net margin of 6.95%.The business had revenue of $106.86 million during the quarter, compared to analysts’ expectations of $105.64 million. On average, equities analysts forecast that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NYAX. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research report on Wednesday, May 27th. Keefe, Bruyette & Woods boosted their target price on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Jefferies Financial Group reissued a “buy” rating and issued a $79.80 target price on shares of Nayax in a research report on Thursday, May 14th. UBS Group upped their price target on shares of Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Finally, William Blair reaffirmed an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $77.20.

Institutional Investors Weigh In On Nayax

Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. increased 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 purchasing an additional 400 shares during the last quarter. Osaic Holdings Inc. purchased a new stake in shares of Nayax during the 2nd quarter valued at about $33,000. Bank of America Corp DE increased its position in shares of Nayax by 254.9% during the 3rd quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock valued at $63,000 after purchasing an additional 956 shares during the last quarter. Smartleaf Asset Management LLC purchased a new stake in shares of Nayax during the 4th quarter valued at about $69,000. Finally, Alliancebernstein L.P. bought a new position in shares of Nayax during the 3rd quarter valued at approximately $128,000. 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.