Nayax (NASDAQ:NYAX) Insider Aaron Samuel Greenberg Sells 276 Shares of Stock

Nayax Ltd. (NASDAQ:NYAX) insider Aaron Greenberg sold 276 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $48.55, for a total transaction of $13,399.80. Following the transaction, the insider directly owned 24,872 shares of the company’s stock, valued at approximately $1,207,535.60. This trade represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Aaron Samuel Greenberg also recently made the following trade(s):

• On Monday, September 28th, Aaron Greenberg sold 54 shares of Nayax stock. The stock was sold at an average price of $44.63, for a total value of $2,410.02.
• On Friday, September 4th, Aaron Greenberg sold 77 shares of Nayax stock. The shares were sold at an average price of $52.31, for a total value of $4,027.87.

Nayax Price Performance

Shares of Nayax stock opened at $48.39 on Wednesday. The company has a quick ratio of 2.03, a current ratio of 2.12 and a debt-to-equity ratio of 1.43. The company has a market cap of $1.77 billion, a PE ratio of 78.32 and a beta of 0.46. The business has a 50 day moving average of $47.84 and a 200 day moving average of $58.39. Nayax Ltd. has a 52 week low of $39.17 and a 52 week high of $76.86.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $122.59 million during the quarter, compared to analyst estimates of $116.75 million. Nayax had a return on equity of 10.45% and a net margin of 1.74%. As a group, equities research analysts forecast that Nayax Ltd. will post 0.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on NYAX shares. Weiss Ratings cut shares of Nayax from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 22nd. UBS Group reiterated a “neutral” rating and issued a $70.00 price target on shares of Nayax in a research note on Tuesday, August 11th. Barclays lowered their price target on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 11th. Jefferies Financial Group started coverage on shares of Nayax in a research note on Wednesday, October 7th. They set a “buy” rating and a $68.30 price objective on the stock. Finally, Keefe, Bruyette & Woods upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $73.46.

Institutional Investors Weigh In On Nayax

Several hedge funds have recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd increased its holdings in shares of Nayax by 3.1% during the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after acquiring an additional 25,694 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Nayax in the 2nd quarter worth about $650,000. Public Employees Retirement System of Ohio purchased a new position in shares of Nayax in the 2nd quarter worth about $239,000. Bank of America Corp DE boosted its stake in Nayax by 1,607.2% in the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock worth $519,000 after purchasing an additional 8,727 shares in the last quarter. Finally, Altshuler Shaham Ltd boosted its stake in Nayax by 5.0% in the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock worth $2,026,000 after purchasing an additional 1,731 shares in the last quarter. 34.87% of the stock is owned by institutional investors.

About Nayax

Nayax Ltd. (NASDAQ: NYAX) is a global commerce-enablement and payments technology company headquartered in Israel. It provides cashless payment solutions, transaction processing, and business-management tools for operators of unattended and automated retail environments.

The company’s products and services include payment terminals, cloud-based management software, telemetry and monitoring tools, customer engagement solutions, and loyalty capabilities. Nayax’s technology is used across a range of sectors, including vending, electric-vehicle charging, self-service laundries, fuel and convenience retail, parking, hospitality, and other automated or self-service businesses.

Founded in 2005, Nayax serves merchants and consumers in markets around the world through an international network of operations and partners.