Nayax (NASDAQ:NYAX) Insider Aaron Samuel Greenberg Sells 306 Shares of Stock

Nayax Ltd. (NASDAQ:NYAX) insider Aaron Samuel Greenberg sold 306 shares of Nayax stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $68.06, for a total transaction of $20,826.36. Following the completion of the transaction, the insider directly owned 25,609 shares in the company, valued at $1,742,948.54. This represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, June 1st, Aaron Samuel Greenberg sold 440 shares of Nayax stock. The stock was sold at an average price of $73.31, for a total transaction of $32,256.40.
• On Monday, May 4th, Aaron Samuel Greenberg sold 276 shares of Nayax stock. The stock was sold at an average price of $70.43, for a total transaction of $19,438.68.
• On Wednesday, April 22nd, Aaron Samuel Greenberg sold 1,002 shares of Nayax stock. The stock was sold at an average price of $63.94, for a total transaction of $64,067.88.

Nayax Stock Performance

Nayax stock opened at $65.64 on Tuesday. The firm’s 50 day simple moving average is $65.50 and its 200-day simple moving average is $57.42. The company has a market cap 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 Ltd. has a fifty-two week low of $39.17 and a fifty-two week high of $76.86.

Nayax (NASDAQ:NYAX) last released its 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). The firm had revenue of $106.86 million during the quarter, compared to analysts’ expectations of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. As a group, equities research analysts predict that Nayax Ltd. will post 0.73 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NYAX shares. Wall Street Zen downgraded shares of Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Keefe, Bruyette & Woods lifted their target price on shares of Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. UBS Group lifted their target price on shares of Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. William Blair reissued an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Finally, Oppenheimer upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Wednesday, May 27th. Three research 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, the stock presently has an average rating of “Hold” and an average target price of $77.20.

Institutional Trading of Nayax

Several institutional investors have recently made changes to their positions in NYAX. Bank of America Corp DE boosted its holdings in shares of Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after purchasing an additional 1,353 shares during the period. Goldman Sachs Group Inc. boosted 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. Geode Capital Management LLC boosted its holdings in shares of Nayax by 19.7% during the second quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock worth $1,685,000 after purchasing an additional 5,523 shares during the period. Legal & General Group Plc boosted its holdings in shares of Nayax by 18.6% during the second quarter. Legal & General Group Plc now owns 14,087 shares of the company’s stock worth $711,000 after purchasing an additional 2,214 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the period. 34.87% of the stock is currently 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.