Nayax (NASDAQ:NYAX) Insider Sells $17,695.60 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider Oren Tepper sold 260 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $68.06, for a total value of $17,695.60. Following the completion of the sale, the insider owned 19,132 shares in the company, valued at approximately $1,302,123.92. This trade represents a 1.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Oren Tepper also recently made the following trade(s):

• On Monday, June 1st, Oren Tepper sold 1,052 shares of Nayax stock. The stock was sold at an average price of $73.31, for a total transaction of $77,122.12.

Nayax Price Performance

NASDAQ:NYAX opened at $65.00 on Monday. Nayax Ltd. has a one year low of $39.17 and a one year high of $76.86. The company has a market cap of $2.38 billion, a P/E ratio of 82.28 and a beta of 0.41. The firm’s fifty day moving average price is $65.29 and its two-hundred day moving average price is $57.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88.

Nayax (NASDAQ:NYAX) last posted 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). The company had revenue of $106.86 million for the quarter, compared to analyst estimates of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. Equities analysts expect that Nayax Ltd. will post 0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. William Blair reaffirmed an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Oppenheimer upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a research note on Wednesday, May 27th. UBS Group lifted their price target on Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Finally, Zacks Research lowered Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $77.20.

Institutional Trading of Nayax

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its position in shares of Nayax by 1,607.2% during the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock worth $519,000 after purchasing an additional 8,727 shares in the last quarter. Altshuler Shaham Ltd raised its position in shares of 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 buying an additional 1,731 shares in the last quarter. Y.D. More Investments Ltd raised its position in shares of 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 buying an additional 25,694 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of 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 buying an additional 72,357 shares during the period. Finally, Amundi bought a new stake in shares of Nayax in the fourth quarter valued at approximately $302,000. 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.