Sagit Manor Sells 1,754 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 1,754 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total value of $112,150.76. Following the completion of the sale, the chief financial officer owned 47,523 shares of the company’s stock, valued at $3,038,620.62. The trade was a 3.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nayax Price Performance

Shares of NYAX stock traded up $2.48 during trading hours on Thursday, hitting $66.75. 10,982 shares of the company’s stock were exchanged, compared to its average volume of 12,126. The company has a current ratio of 2.26, a quick ratio of 2.16 and a debt-to-equity ratio of 1.43. Nayax Ltd. has a 12-month low of $37.95 and a 12-month high of $66.80. The business’s 50 day simple moving average is $57.73 and its 200-day simple moving average is $51.91. The company has a market capitalization of $2.44 billion, a PE ratio of 70.26 and a beta of 0.10.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings results on Monday, March 9th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. Nayax had a net margin of 8.87% and a return on equity of 11.60%. The business had revenue of $119.45 million during the quarter, compared to the consensus estimate of $120.13 million. On average, equities research analysts anticipate that Nayax Ltd. will post 0.84 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a research report on Thursday, January 22nd. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. William Blair reissued an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Finally, Keefe, Bruyette & Woods increased their price objective on Nayax from $52.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, March 10th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $51.67.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its stake in shares of Nayax by 9.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock valued at $197,000 after purchasing an additional 330 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Nayax by 210.5% during the second 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. Vanguard Personalized Indexing Management LLC grew its stake in Nayax by 8.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock worth $407,000 after purchasing an additional 594 shares during the period. Osaic Holdings Inc. purchased a new position in Nayax during the second quarter valued at $33,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Nayax by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock valued at $1,825,000 after buying an additional 715 shares in the last quarter. Institutional investors own 34.87% of the company’s stock.

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.