Nayax Ltd. $NYAX Stake Lessened by Swedbank AB

Swedbank AB cut its stake in Nayax Ltd. (NASDAQ:NYAX) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,000 shares of the company’s stock after selling 15,000 shares during the period. Swedbank AB’s holdings in Nayax were worth $15,960,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. increased its position in shares of Nayax by 36.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after purchasing an additional 72,357 shares during the last quarter. Altshuler Shaham Ltd grew its stake in Nayax by 140.0% in the fourth quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock worth $1,742,000 after purchasing an additional 20,121 shares in the last quarter. Amundi acquired a new position in Nayax in the fourth quarter worth about $302,000. Public Employees Retirement System of Ohio increased its holdings in Nayax by 9.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock valued at $197,000 after buying an additional 330 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Nayax by 8.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock valued at $407,000 after buying an additional 594 shares during the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nayax

In other Nayax news, CFO Sagit Manor sold 1,252 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $66.74, for a total value of $83,558.48. Following the sale, the chief financial officer directly owned 45,238 shares in the company, valued at approximately $3,019,184.12. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Oren Tepper sold 1,052 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $73.31, for a total transaction of $77,122.12. Following the transaction, the insider directly owned 19,392 shares of the company’s stock, valued at approximately $1,421,627.52. This trade represents a 5.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 50,385 shares of company stock valued at $3,659,391 over the last three months.

Analysts Set New Price Targets

A number of research analysts have commented on NYAX shares. Wall Street Zen downgraded Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Barclays started coverage on Nayax in a research report on Wednesday. They set an “equal weight” rating and a $75.00 price target on the stock. UBS Group raised their price objective on Nayax from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 1st. 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 investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $78.16.

Nayax Stock Up 1.1%

NASDAQ:NYAX opened at $66.36 on Friday. The firm has a market capitalization of $2.43 billion, a PE ratio of 84.00 and a beta of 0.47. The stock has a 50 day moving average of $67.91 and a 200-day moving average of $60.79. Nayax Ltd. has a 52 week low of $39.17 and a 52 week high of $76.86. 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 (NASDAQ:NYAX) last announced its quarterly 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). Nayax had a return on equity of 14.09% and a net margin of 6.95%.The company had revenue of $106.86 million during the quarter, compared to the consensus estimate of $105.64 million. Analysts predict that Nayax Ltd. will post 0.73 EPS for the current year.

Nayax 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.