Nayax (NASDAQ:NYAX) Insider Erez Amnipour Sells 231 Shares

Nayax Ltd. (NASDAQ:NYAX) insider Erez Amnipour sold 231 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $67.00, for a total value of $15,477.00. Following the completion of the sale, the insider owned 16,627 shares in the company, valued at $1,114,009. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Nayax Stock Performance

Nayax stock traded down $0.40 during midday trading on Wednesday, reaching $66.60. The stock had a trading volume of 11,532 shares, compared to its average volume of 20,669. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.44 billion, a PE ratio of 84.30 and a beta of 0.39. Nayax Ltd. has a 12 month low of $38.50 and a 12 month high of $75.00. The firm’s 50-day moving average price is $62.40 and its 200 day moving average price is $54.63.

Nayax (NASDAQ:NYAX) last posted its 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 company had revenue of $106.86 million for the quarter, compared to analysts’ expectations of $105.64 million. As a group, research analysts predict that Nayax Ltd. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NYAX has been the subject of a number of analyst reports. Zacks Research lowered shares of Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Jefferies Financial Group restated a “buy” rating and issued a $79.80 price objective on shares of Nayax in a research report on Thursday, May 14th. Wall Street Zen lowered shares of Nayax from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research report on Thursday, January 22nd. Finally, UBS Group raised their price objective on shares of Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Nayax currently has an average rating of “Hold” and a consensus target price of $74.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in 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. Goldman Sachs Group Inc. boosted 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 worth $9,966,000 after buying an additional 89,886 shares in the last quarter. Geode Capital Management LLC boosted its stake in Nayax by 19.7% in the second quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock worth $1,685,000 after buying an additional 5,523 shares in the last quarter. Legal & General Group Plc boosted its stake in Nayax by 18.6% in the second quarter. Legal & General Group Plc now owns 14,087 shares of the company’s stock worth $711,000 after buying an additional 2,214 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Nayax by 210.5% in the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after buying an additional 400 shares in the last quarter. Hedge funds and other 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.