Sagit Manor Sells 251 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 251 shares of Nayax stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $64.58, for a total transaction of $16,209.58. Following the completion of the sale, the chief financial officer owned 47,272 shares of the company’s stock, valued at $3,052,825.76. This trade represents a 0.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sagit Manor also recently made the following trade(s):

• On Wednesday, April 22nd, Sagit Manor sold 1,754 shares of Nayax stock. The shares were sold at an average price of $63.94, for a total transaction of $112,150.76.

Nayax Stock Down 0.3%

Nayax stock opened at $66.81 on Thursday. Nayax Ltd. has a fifty-two week low of $38.50 and a fifty-two week high of $75.00. 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 firm has a 50 day moving average price of $62.62 and a 200 day moving average price of $54.80. The company has a market capitalization of $2.45 billion, a PE ratio of 84.57 and a beta of 0.39.

Nayax (NASDAQ:NYAX) last posted its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $105.64 million. Research analysts expect that Nayax Ltd. will post 0.73 earnings per share for the current year.

Analyst Ratings Changes

NYAX has been the subject of several recent research reports. Wall Street Zen cut shares of Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. William Blair reissued an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Keefe, Bruyette & Woods raised their price target 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. Zacks Research cut shares of Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $79.80 price target on shares of Nayax in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $74.27.

Institutional Investors Weigh In On Nayax

Several institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its position in shares of Nayax by 9.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock worth $197,000 after purchasing an additional 330 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of 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 purchasing an additional 400 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Nayax by 8.0% during 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. purchased a new stake in shares of Nayax during the 2nd quarter worth $33,000. Finally, Geode Capital Management LLC lifted its position in shares of Nayax by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock worth $1,825,000 after purchasing an additional 715 shares during 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.