Insider Selling: Nayax (NASDAQ:NYAX) Insider Sells 231 Shares of Stock

Nayax Ltd. (NASDAQ:NYAX) insider Erez Amnipour sold 231 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $67.00, for a total value of $15,477.00. Following the completion of the sale, the insider owned 16,627 shares of the company’s stock, valued at $1,114,009. The trade was a 1.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Nayax Trading Down 0.6%

NYAX stock traded down $0.40 during midday trading on Wednesday, hitting $66.60. The company had a trading volume of 11,532 shares, compared to its average volume of 20,669. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. Nayax Ltd. has a 52 week low of $38.50 and a 52 week high of $75.00. The stock’s 50 day moving average price is $62.40 and its 200 day moving average price is $54.63. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 84.30 and a beta of 0.39.

Nayax (NASDAQ:NYAX) last announced 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). Nayax had a net margin of 6.95% and a return on equity of 14.09%. The company had revenue of $106.86 million during the quarter, compared to the consensus estimate of $105.64 million. As a group, equities research analysts expect that Nayax Ltd. will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nayax

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in Nayax by 210.5% in 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 in the last quarter. Osaic Holdings Inc. purchased a new stake in Nayax in the second quarter worth about $33,000. Bank of America Corp DE grew its holdings in Nayax by 254.9% in the third quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock worth $63,000 after purchasing an additional 956 shares during the period. Smartleaf Asset Management LLC purchased a new stake in Nayax in the fourth quarter worth about $69,000. Finally, Alliancebernstein L.P. purchased a new stake in Nayax in the third quarter worth about $128,000. Institutional investors own 34.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NYAX shares. Wall Street Zen downgraded Nayax from a “hold” rating to a “sell” rating in a research report on Saturday. Keefe, Bruyette & Woods boosted their price objective on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a report on Thursday, January 22nd. Jefferies Financial Group restated a “buy” rating and set a $79.80 target price on shares of Nayax in a report on Thursday, May 14th. Finally, Zacks Research downgraded Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $74.27.

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.