Nayax (NASDAQ:NYAX) Stock: Insider Aaron Samuel Greenberg Sells 276 Shares

Nayax Ltd. (NASDAQ:NYAX) insider Aaron Greenberg sold 276 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $48.55, for a total value of $13,399.80. Following the transaction, the insider owned 24,872 shares of the company’s stock, valued at approximately $1,207,535.60. The trade was a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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, September 28th, Aaron Greenberg sold 54 shares of Nayax stock. The shares were sold at an average price of $44.63, for a total transaction of $2,410.02.
• On Friday, September 4th, Aaron Greenberg sold 77 shares of Nayax stock. The stock was sold at an average price of $52.31, for a total transaction of $4,027.87.

Nayax Stock Up 2.4%

Shares of NYAX stock opened at $49.54 on Thursday. The firm’s fifty day moving average price is $47.80 and its two-hundred day moving average price is $58.34. The company has a current ratio of 2.12, a quick ratio of 2.03 and a debt-to-equity ratio of 1.43. Nayax Ltd. has a 1 year low of $39.17 and a 1 year high of $76.86. The firm has a market capitalization of $1.81 billion, a P/E ratio of 235.90 and a beta of 0.46.

Nayax (NASDAQ:NYAX) last released its earnings results on Tuesday, August 11th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $122.59 million for the quarter, compared to the consensus estimate of $116.75 million. Nayax had a return on equity of 10.45% and a net margin of 1.74%. On average, equities analysts predict that Nayax Ltd. will post 0.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Nayax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NYAX. Public Employees Retirement System of Ohio bought a new position in Nayax in the 2nd quarter valued at about $239,000. Bank of America Corp DE increased 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 acquiring an additional 8,727 shares during the last quarter. Tidal Investments LLC bought a new stake in Nayax during the second quarter worth $650,000. Altshuler Shaham Ltd boosted its holdings in shares of Nayax by 5.0% in the 1st 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. Finally, Y.D. More Investments Ltd increased its stake in shares of Nayax by 3.1% in the 1st 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 during the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NYAX shares. Barclays dropped their target price on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 11th. Jefferies Financial Group began coverage on Nayax in a research report on Wednesday, October 7th. They issued a “buy” rating and a $68.30 price objective for the company. Weiss Ratings cut Nayax from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. UBS Group reaffirmed a “neutral” rating and set a $70.00 target price on shares of Nayax in a report on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $73.46.

Nayax Company Profile

Nayax Ltd. (NASDAQ: NYAX) is a global commerce-enablement and payments technology company headquartered in Israel. It provides cashless payment solutions, transaction processing, and business-management tools for operators of unattended and automated retail environments.

The company’s products and services include payment terminals, cloud-based management software, telemetry and monitoring tools, customer engagement solutions, and loyalty capabilities. Nayax’s technology is used across a range of sectors, including vending, electric-vehicle charging, self-service laundries, fuel and convenience retail, parking, hospitality, and other automated or self-service businesses.

Founded in 2005, Nayax serves merchants and consumers in markets around the world through an international network of operations and partners.