Nayax (NASDAQ:NYAX) CMO Michal Sever Sells 5,000 Shares of Stock

Nayax Ltd. (NASDAQ:NYAX) CMO Michal Sever sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $64.32, for a total value of $321,600.00. Following the sale, the chief marketing officer owned 17,306 shares of the company’s stock, valued at approximately $1,113,121.92. This trade represents a 22.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Nayax Price Performance

Shares of NYAX opened at $63.78 on Tuesday. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 80.73 and a beta of 0.39. The stock has a 50 day moving average of $62.19 and a 200-day moving average of $54.45. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. Nayax Ltd. has a 52 week low of $38.50 and a 52 week high of $74.83.

Nayax (NASDAQ:NYAX) last issued 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 firm had revenue of $106.86 million during 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%. As a group, analysts forecast that Nayax Ltd. will post 0.73 EPS for the current year.

Hedge Funds Weigh In On Nayax

A number of hedge funds have recently modified their holdings of the stock. Y.D. More Investments Ltd grew its holdings in shares of Nayax by 3.1% in the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after acquiring an additional 25,694 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Nayax by 4,022.5% in the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after acquiring an additional 535,476 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Nayax by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after acquiring an additional 89,886 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Nayax by 36.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after acquiring an additional 72,357 shares during the last quarter. Finally, AltraVue Capital LLC purchased a new position in shares of Nayax during the fourth quarter valued at $11,623,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NYAX shares. Wall Street Zen lowered Nayax from a “hold” rating to a “sell” rating in a research report on Saturday. Keefe, Bruyette & Woods boosted their price objective on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. William Blair restated an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Jefferies Financial Group restated a “buy” rating and set a $79.80 price objective on shares of Nayax in a research report on Thursday. Finally, Zacks Research lowered Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.27.

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.