Clal Insurance Enterprises Holdings Ltd Sells 275,355 Shares of Nayax Ltd. $NYAX

Clal Insurance Enterprises Holdings Ltd cut its position in Nayax Ltd. (NASDAQ:NYAX) by 41.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 384,524 shares of the company’s stock after selling 275,355 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Nayax were worth $21,531,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NYAX. Russell Investments Group Ltd. boosted its holdings in Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the period. Osaic Holdings Inc. bought a new position in shares of Nayax in the second quarter worth $33,000. Bank of America Corp DE raised its position in shares of Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after buying an additional 1,353 shares in the last quarter. Smartleaf Asset Management LLC bought a new stake in Nayax during the fourth quarter valued at $69,000. Finally, Alliancebernstein L.P. purchased a new position in Nayax during the third quarter worth about $128,000. 34.87% of the stock is owned by institutional investors.

Nayax Trading Up 3.0%

Shares of NYAX opened at $69.30 on Wednesday. Nayax Ltd. has a fifty-two week low of $39.17 and a fifty-two week high of $76.86. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 87.72 and a beta of 0.47. The firm has a 50 day moving average price of $66.92 and a 200-day moving average price of $61.70. 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 (NASDAQ:NYAX) last released its earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05). The business had revenue of $106.86 million for the quarter, compared to the consensus estimate of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. As a group, equities research analysts forecast that Nayax Ltd. will post 0.73 earnings per share for the current year.

Insider Buying and Selling at Nayax

In other news, CEO Carly Lisanne Furman sold 382 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $68.08, for a total transaction of $26,006.56. Following the transaction, the chief executive officer directly owned 21,439 shares of the company’s stock, valued at approximately $1,459,567.12. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Oren Tepper sold 1,052 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 $77,122.12. Following the completion of the transaction, the insider owned 19,392 shares in the company, valued at approximately $1,421,627.52. This represents a 5.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 47,629 shares of company stock valued at $3,483,173.

Analyst Ratings Changes

NYAX has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $79.80 target price on shares of Nayax in a research note on Thursday, May 14th. Wall Street Zen downgraded Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. 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. Barclays started coverage on shares of Nayax in a research report on Wednesday, July 8th. They issued an “equal weight” rating and a $75.00 price objective on the stock. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $78.16.

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.