Insider Selling: Nayax (NASDAQ:NYAX) CFO Sells $16,209.58 in Stock

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 251 shares of Nayax stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $64.58, for a total transaction of $16,209.58. Following the sale, the chief financial officer owned 47,272 shares in the company, valued at approximately $3,052,825.76. This trade represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sagit Manor also recently made the following trade(s):

• On Wednesday, April 22nd, Sagit Manor sold 1,754 shares of Nayax stock. The shares were sold at an average price of $63.94, for a total transaction of $112,150.76.

Nayax Price Performance

NASDAQ:NYAX opened at $67.03 on Friday. The firm has a market cap of $2.45 billion, a PE ratio of 84.85 and a beta of 0.39. Nayax Ltd. has a 12 month low of $38.50 and a 12 month high of $75.00. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $62.77 and its two-hundred day moving average price is $54.98.

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

Hedge Funds Weigh In On Nayax

A number of institutional investors have recently modified their holdings of NYAX. Vanguard Group Inc. raised its stake in shares of Nayax by 4,022.5% in the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after acquiring an additional 535,476 shares during the last quarter. AltraVue Capital LLC bought a new position in shares of Nayax in the fourth quarter worth about $11,623,000. Goldman Sachs Group Inc. raised its stake in shares of Nayax by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after acquiring an additional 89,886 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Nayax by 36.4% in the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after acquiring an additional 72,357 shares during the last quarter. Finally, UBS Group AG raised its stake 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. 34.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Zacks Research lowered shares of Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Jefferies Financial Group restated a “buy” rating and issued a $79.80 price target on shares of Nayax in a research report on Thursday, May 14th. UBS Group boosted 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. Keefe, Bruyette & Woods boosted their target price on shares of Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $74.27.

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.