Nayax (NASDAQ:NYAX) Insider Aaron Samuel Greenberg Sells 276 Shares

Nayax Ltd. (NASDAQ:NYAX) insider Aaron Samuel Greenberg sold 276 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $69.03, for a total value of $19,052.28. Following the sale, the insider owned 25,279 shares of the company’s stock, valued at $1,745,009.37. This represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a legal 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.

Aaron Samuel Greenberg also recently made the following trade(s):

• On Monday, June 29th, Aaron Samuel Greenberg sold 54 shares of Nayax stock. The stock was sold at an average price of $63.85, for a total value of $3,447.90.
• On Thursday, June 4th, Aaron Samuel Greenberg sold 306 shares of Nayax stock. The shares were sold at an average price of $68.06, for a total value of $20,826.36.
• On Monday, June 1st, Aaron Samuel Greenberg sold 440 shares of Nayax stock. The stock was sold at an average price of $73.31, for a total value of $32,256.40.

Nayax Trading Down 3.0%

NYAX traded down $2.09 on Tuesday, reaching $67.49. 4,843 shares of the company’s stock were exchanged, compared to its average volume of 17,996. Nayax Ltd. has a twelve month low of $39.17 and a twelve month high of $76.86. The company’s 50 day moving average is $67.29 and its 200-day moving average is $62.66. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 85.43 and a beta of 0.47.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). Nayax had a net margin of 6.95% and a return on equity of 14.09%. The business had revenue of $106.86 million for the quarter, compared to analyst estimates of $105.64 million. Equities analysts predict that Nayax Ltd. will post 0.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NYAX. Wall Street Zen cut shares of Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. UBS Group raised their price objective on Nayax from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Oppenheimer upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Wednesday, May 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $79.80 target price on shares of Nayax in a research report on Thursday, May 14th. Finally, Keefe, Bruyette & Woods increased their target price on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $78.16.

Institutional Trading of Nayax

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its stake in Nayax by 9.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock valued at $197,000 after acquiring an additional 330 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Nayax by 8.0% in the 4th 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 last quarter. Osaic Holdings Inc. bought a new stake in shares of Nayax in the 2nd quarter worth about $33,000. Finally, Geode Capital Management LLC raised its stake in shares of Nayax by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock valued at $1,825,000 after purchasing an additional 715 shares in the last quarter. 34.87% of the stock is owned by hedge funds and other institutional investors.

About Nayax

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.