Nayax (NASDAQ:NYAX) Insider Sells $19,438.68 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider Aaron Samuel Greenberg sold 276 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $70.43, for a total value of $19,438.68. Following the completion of the sale, the insider directly owned 25,477 shares in the company, valued at approximately $1,794,345.11. The trade was a 1.07% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Wednesday, April 22nd, Aaron Samuel Greenberg sold 1,002 shares of Nayax stock. The shares were sold at an average price of $63.94, for a total value of $64,067.88.

Nayax Stock Down 2.2%

Shares of NYAX opened at $72.35 on Friday. The company has a current ratio of 2.26, a quick ratio of 2.16 and a debt-to-equity ratio of 1.43. The stock’s 50 day moving average is $60.21 and its two-hundred day moving average is $53.31. The firm has a market cap of $2.65 billion, a P/E ratio of 76.16 and a beta of 0.39. Nayax Ltd. has a 12 month low of $37.95 and a 12 month high of $74.83.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Monday, March 9th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. Nayax had a return on equity of 11.60% and a net margin of 8.87%.The firm had revenue of $119.45 million during the quarter, compared to the consensus estimate of $120.13 million. Analysts predict that Nayax Ltd. will post 0.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nayax

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd raised its position 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 purchasing an additional 25,694 shares during the period. Assenagon Asset Management S.A. raised its position 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 purchasing an additional 72,357 shares during the period. Altshuler Shaham Ltd grew its stake in shares of Nayax by 140.0% in the fourth quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock valued at $1,742,000 after buying an additional 20,121 shares in the last quarter. Amundi acquired a new stake in shares of Nayax in the fourth quarter valued at $302,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Nayax by 9.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock valued at $197,000 after buying an additional 330 shares in the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Analyst Ratings Changes

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

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.