Nayax (NASDAQ:NYAX) Insider Sells $1,018,748.28 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider David Ben-Avi sold 13,596 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $74.93, for a total value of $1,018,748.28. Following the transaction, the insider directly owned 6,604,308 shares in the company, valued at approximately $494,860,798.44. This represents a 0.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

David Ben-Avi also recently made the following trade(s):

• On Friday, May 29th, David Ben-Avi sold 16,590 shares of Nayax stock. The shares were sold at an average price of $76.48, for a total transaction of $1,268,803.20.

Nayax Trading Down 3.2%

Nayax stock traded down $2.40 during mid-day trading on Monday, hitting $73.41. The company’s stock had a trading volume of 17,735 shares, compared to its average volume of 20,609. The company has a 50 day moving average of $64.23 and a 200-day moving average of $56.26. The stock has a market cap of $2.69 billion, a PE ratio of 92.92 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. Nayax Ltd. has a one year low of $39.17 and a one year high of $76.86.

Nayax (NASDAQ:NYAX) last issued its earnings results on Tuesday, May 12th. The company reported $0.03 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 company had revenue of $106.86 million during the quarter, compared to the consensus estimate of $105.64 million. On average, research analysts anticipate that Nayax Ltd. will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings 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 lifted its holdings 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 lifted its holdings 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. lifted its holdings 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 owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NYAX. Wall Street Zen downgraded Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Keefe, Bruyette & Woods increased their price objective on shares of Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Zacks Research downgraded shares of Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. William Blair reiterated an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Finally, Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $77.20.

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.