Nayax (NASDAQ:NYAX) Insider Sells $1,018,748.28 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider David Ben-Avi sold 13,596 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $74.93, for a total value of $1,018,748.28. Following the transaction, the insider directly owned 6,604,308 shares of the company’s stock, valued at approximately $494,860,798.44. The trade was a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

David Ben-Avi also recently made the following trade(s):

• On Friday, May 29th, David Ben-Avi sold 16,590 shares of Nayax stock. The stock was sold at an average price of $76.48, for a total value of $1,268,803.20.

Nayax Price Performance

Shares of NYAX stock traded down $2.40 during trading hours on Monday, hitting $73.41. 17,735 shares of the company’s stock were exchanged, compared to its average volume of 20,609. Nayax Ltd. has a fifty-two week low of $39.17 and a fifty-two week high of $76.86. 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 firm has a 50 day moving average of $64.23 and a two-hundred day moving average of $56.26. The firm has a market cap of $2.69 billion, a P/E ratio of 92.92 and a beta of 0.41.

Nayax (NASDAQ:NYAX) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share 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 for the quarter, compared to analyst estimates of $105.64 million. Sell-side analysts forecast that Nayax Ltd. will post 0.73 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on NYAX. Keefe, Bruyette & Woods lifted their target price on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Wall Street Zen downgraded Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. UBS Group upped their price objective on shares of Nayax from $55.00 to $68.00 and gave the company 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. Finally, Zacks Research downgraded Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Nayax has an average rating of “Hold” and an average price target of $77.20.

Institutional Investors Weigh In On Nayax

Several hedge funds have recently modified their holdings of the stock. Y.D. More Investments Ltd lifted 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 worth $48,387,000 after purchasing an additional 25,694 shares during the period. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 535,476 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of 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 purchasing an additional 89,886 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of 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 purchasing an additional 72,357 shares during the period. Finally, AltraVue Capital LLC acquired a new stake in Nayax in the fourth quarter valued at about $11,623,000. 34.87% of the stock is owned by institutional investors and hedge funds.

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.