Nayax (NASDAQ:NYAX) CEO Carly Lisanne Furman Sells 382 Shares

Nayax Ltd. (NASDAQ:NYAX) CEO Carly Lisanne Furman sold 382 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $68.08, for a total value of $26,006.56. Following the completion of the sale, the chief executive officer owned 21,439 shares of the company’s stock, valued at $1,459,567.12. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Carly Lisanne Furman also recently made the following trade(s):

• On Monday, June 1st, Carly Lisanne Furman sold 1,753 shares of Nayax stock. The stock was sold at an average price of $73.31, for a total value of $128,512.43.

Nayax Stock Up 1.0%

Shares of Nayax stock opened at $65.64 on Tuesday. Nayax Ltd. has a 1 year low of $39.17 and a 1 year high of $76.86. The business has a 50-day moving average of $65.50 and a two-hundred day moving average of $57.42. The company has a market capitalization of $2.40 billion, a P/E ratio of 83.09 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.

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 business had revenue of $106.86 million during the quarter, compared to the consensus estimate of $105.64 million. As a group, equities analysts predict that Nayax Ltd. will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. UBS Group increased their price objective on Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Oppenheimer upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a report on Wednesday, May 27th. William Blair reiterated an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Finally, Keefe, Bruyette & Woods increased their price objective on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $77.20.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in Nayax by 1,607.2% in the first quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock valued at $519,000 after purchasing an additional 8,727 shares in the last quarter. Altshuler Shaham Ltd grew its stake in Nayax by 5.0% in the first quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock valued at $2,026,000 after purchasing an additional 1,731 shares in the last quarter. Y.D. More Investments Ltd grew its stake in Nayax by 3.1% in the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after purchasing an additional 25,694 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Nayax by 36.4% in the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock valued at $15,195,000 after purchasing an additional 72,357 shares in the last quarter. Finally, Amundi bought a new position in Nayax in the fourth quarter valued at approximately $302,000. 34.87% of the stock is currently owned by institutional investors.

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.