Nayax (NASDAQ:NYAX) Insider Sells $32,256.40 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider Aaron Samuel Greenberg sold 440 shares of Nayax stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $73.31, for a total value of $32,256.40. Following the sale, the insider directly owned 25,915 shares in the company, valued at approximately $1,899,828.65. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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, 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 value 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 value of $64,067.88.

Nayax Stock Down 7.0%

Shares of NASDAQ NYAX traded down $5.15 during midday trading on Tuesday, reaching $68.48. 26,561 shares of the company’s stock were exchanged, compared to its average volume of 36,825. Nayax Ltd. has a 52-week low of $39.17 and a 52-week high of $76.86. The stock has a market capitalization of $2.51 billion, a PE ratio of 86.68 and a beta of 0.41. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. The business’s fifty day moving average price is $64.49 and its two-hundred day moving average price is $56.50.

Nayax (NASDAQ:NYAX) last announced its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). Nayax had a return on equity of 14.09% and a net margin of 6.95%.The business had revenue of $106.86 million for the quarter, compared to analysts’ expectations of $105.64 million. Analysts forecast that Nayax Ltd. will post 0.73 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on NYAX. 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 report on Wednesday, May 13th. William Blair reissued an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Jefferies Financial Group reissued a “buy” rating and issued a $79.80 price objective on shares of Nayax in a report on Thursday, May 14th. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a report on Wednesday, May 27th. Finally, Wall Street Zen lowered Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Nayax presently has an average rating of “Hold” and a consensus price target of $77.20.

Hedge Funds Weigh In On Nayax

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted 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 period. Altshuler Shaham Ltd boosted its stake in Nayax by 5.0% in the first quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock valued at $2,026,000 after acquiring an additional 1,731 shares during the period. Y.D. More Investments Ltd boosted its stake in Nayax by 3.1% in the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after acquiring an additional 25,694 shares during the period. Assenagon Asset Management S.A. boosted its stake in Nayax by 36.4% in the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock valued at $15,195,000 after acquiring an additional 72,357 shares during the period. Finally, Amundi acquired a new position in Nayax in the fourth quarter valued at approximately $302,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.