Nayax (NASDAQ:NYAX) CFO Sagit Manor Sells 214 Shares

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 214 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $63.86, for a total transaction of $13,666.04. Following the completion of the transaction, the chief financial officer directly owned 46,490 shares in the company, valued at approximately $2,968,851.40. The trade was a 0.46% decrease in their position. The transaction was disclosed in a legal 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 Friday, June 26th, Sagit Manor sold 79 shares of Nayax stock. The shares were sold at an average price of $64.02, for a total transaction of $5,057.58.
• On Thursday, June 4th, Sagit Manor sold 489 shares of Nayax stock. The stock was sold at an average price of $68.06, for a total transaction of $33,281.34.
• On Monday, May 18th, Sagit Manor sold 251 shares of Nayax stock. The stock was sold at an average price of $64.58, for a total transaction of $16,209.58.
• 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 Trading Up 2.2%

NASDAQ:NYAX opened at $65.51 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 82.92 and a beta of 0.41. Nayax Ltd. has a one year low of $39.17 and a one year high of $76.86. The business has a fifty day moving average price of $67.50 and a 200-day moving average price of $59.67.

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 company had revenue of $106.86 million for the quarter, compared to analysts’ expectations of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. Sell-side analysts forecast that Nayax Ltd. will post 0.73 EPS for the current year.

Institutional Trading of Nayax

Several institutional investors have recently made changes to their positions in NYAX. Russell Investments Group Ltd. lifted its holdings in Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in Nayax during the 2nd quarter valued at approximately $33,000. Bank of America Corp DE grew its holdings in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after buying an additional 1,353 shares in the last quarter. Smartleaf Asset Management LLC bought a new stake in shares of Nayax during the fourth quarter valued at approximately $69,000. Finally, Alliancebernstein L.P. bought a new stake in shares of Nayax during the third quarter valued at approximately $128,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Wall Street Analysts Forecast Growth

NYAX has been the subject of a number of recent research reports. UBS Group boosted their price objective on Nayax from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a $79.80 price target on shares of Nayax in a report on Thursday, May 14th. William Blair reiterated an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Oppenheimer raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Wednesday, May 27th. Finally, Zacks Research downgraded shares of Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $78.95.

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.