Keren Sharir Sells 4,500 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) President Keren Sharir sold 4,500 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $71.80, for a total value of $323,100.00. Following the transaction, the president owned 26,876 shares in the company, valued at approximately $1,929,696.80. This trade represents a 14.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Nayax Trading Up 5.1%

Shares of NYAX stock opened at $74.31 on Thursday. Nayax Ltd. has a 12 month low of $39.17 and a 12 month high of $75.33. 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 business’s 50 day moving average is $63.67 and its two-hundred day moving average is $55.78. The company has a market cap of $2.72 billion, a PE ratio of 94.06 and a beta of 0.39.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data 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). The company had revenue of $106.86 million during the quarter, compared to analyst estimates of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. Equities analysts predict that Nayax Ltd. will post 0.73 EPS for the current year.

Institutional Investors Weigh In On Nayax

A number of institutional investors have recently bought and sold shares of the business. Y.D. More Investments Ltd boosted its stake in Nayax by 3.1% during the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after buying an additional 25,694 shares in the last quarter. Vanguard Group Inc. boosted its stake in Nayax by 4,022.5% during the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after buying an additional 535,476 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake 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. boosted its stake 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, AltraVue Capital LLC acquired a new stake in Nayax during the fourth quarter worth $11,623,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NYAX. UBS Group raised their price objective on shares of Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. William Blair restated an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Jefferies Financial Group restated a “buy” rating and issued a $79.80 price objective on shares of Nayax in a research note on Thursday, May 14th. Zacks Research downgraded shares of Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods raised their price objective 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. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Nayax currently has a consensus rating of “Hold” and an average price target of $77.20.

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.