Eden Zafrani Sells 500 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) insider Eden Zafrani sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $64.89, for a total value of $32,445.00. Following the sale, the insider owned 14,869 shares of the company’s stock, valued at approximately $964,849.41. This represents a 3.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nayax Stock Performance

NYAX opened at $70.22 on Friday. 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 business has a fifty day simple moving average of $67.74 and a 200 day simple moving average of $59.99. Nayax Ltd. has a 1 year low of $39.17 and a 1 year high of $76.86. The company has a market capitalization of $2.57 billion, a PE ratio of 88.89 and a beta of 0.47.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. Research analysts expect that Nayax Ltd. will post 0.73 EPS for the current year.

Institutional Investors Weigh In On Nayax

A number of large investors have recently bought and sold shares of NYAX. Bank of America Corp DE raised its position in shares of Nayax by 920.4% in 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. Goldman Sachs Group Inc. increased its stake in Nayax by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after acquiring an additional 89,886 shares during the last quarter. Geode Capital Management LLC raised its position in Nayax by 19.7% during the second quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock valued at $1,685,000 after purchasing an additional 5,523 shares in the last quarter. Legal & General Group Plc lifted its stake in 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 last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NYAX shares. Keefe, Bruyette & Woods boosted their price objective on shares of Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Zacks Research cut shares of Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Jefferies Financial Group reiterated a “buy” rating and issued a $79.80 price target on shares of Nayax in a research report on Thursday, May 14th. UBS Group boosted their price target on Nayax from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Finally, Oppenheimer upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $78.95.

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.