Insider Selling: Nayax (NASDAQ:NYAX) Insider Sells 500 Shares

Nayax Ltd. (NASDAQ:NYAX) insider Eden Zafrani sold 500 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $64.89, for a total transaction of $32,445.00. Following the completion of the transaction, the insider directly owned 14,869 shares in the company, valued at $964,849.41. This represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Nayax Stock Performance

Shares of NYAX stock traded up $2.85 during mid-day trading on Wednesday, hitting $68.36. The stock had a trading volume of 4,323 shares, compared to its average volume of 19,248. Nayax Ltd. has a fifty-two week low of $39.17 and a fifty-two week high of $76.86. The firm has a market cap of $2.50 billion, a PE ratio of 86.53 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 company’s 50-day simple moving average is $67.50 and its 200-day simple moving average is $59.67.

Nayax (NASDAQ:NYAX) last issued its earnings results 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). Nayax had a net margin of 6.95% and a return on equity of 14.09%. The firm had revenue of $106.86 million during the quarter, compared to analysts’ expectations of $105.64 million. Sell-side analysts anticipate that Nayax Ltd. will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NYAX. Vanguard Group Inc. grew its stake in Nayax by 4,022.5% in the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after acquiring an additional 535,476 shares during the last quarter. AltraVue Capital LLC acquired a new stake in Nayax during the 4th quarter valued at $11,623,000. Goldman Sachs Group Inc. increased its position in Nayax by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after buying an additional 89,886 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Nayax by 36.4% during the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after buying an additional 72,357 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of Nayax by 12,665.1% in the fourth quarter. UBS Group AG now owns 57,443 shares of the company’s stock worth $2,907,000 after acquiring an additional 56,993 shares during the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NYAX. Keefe, Bruyette & Woods raised their price target on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. William Blair reiterated an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 target price for the company in a report on Wednesday, May 27th. Wall Street Zen lowered shares of Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, UBS Group boosted their target price on shares of Nayax from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Three 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $78.95.

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.