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

Nayax Ltd. (NASDAQ:NYAX) insider Aaron Samuel Greenberg sold 276 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $70.43, for a total transaction of $19,438.68. Following the transaction, the insider directly owned 25,477 shares of the company’s stock, valued at approximately $1,794,345.11. This represents a 1.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Wednesday, April 22nd, Aaron Samuel Greenberg sold 1,002 shares of Nayax stock. The stock was sold at an average price of $63.94, for a total transaction of $64,067.88.

Nayax Stock Performance

Nayax stock traded up $1.78 on Tuesday, reaching $72.00. 2,606 shares of the stock were exchanged, compared to its average volume of 16,229. The stock has a market cap of $2.64 billion, a PE ratio of 75.79 and a beta of 0.39. The company has a current ratio of 2.26, a quick ratio of 2.16 and a debt-to-equity ratio of 1.43. Nayax Ltd. has a twelve month low of $37.95 and a twelve month high of $72.00. The firm has a fifty day moving average price of $59.07 and a two-hundred day moving average price of $52.76.

Nayax (NASDAQ:NYAX) last released its earnings results on Monday, March 9th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The firm had revenue of $119.45 million during the quarter, compared to analyst estimates of $120.13 million. Nayax had a net margin of 8.87% and a return on equity of 11.60%. Sell-side analysts anticipate that Nayax Ltd. will post 0.84 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Trading of 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 increased its stake 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. Vanguard Group Inc. increased its stake in Nayax by 4,022.5% in the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after acquiring an additional 535,476 shares during the period. Goldman Sachs Group Inc. increased its stake in Nayax by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after acquiring an additional 89,886 shares during the period. Assenagon Asset Management S.A. increased its stake 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, AltraVue Capital LLC bought a new stake in Nayax in the fourth quarter valued at about $11,623,000. Institutional investors own 34.87% of the company’s stock.

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.